Showing posts with label ILO. Show all posts
Showing posts with label ILO. Show all posts

Tuesday, December 8, 2009

ILO says 43 million workers may lose jobs globally












GENEVA: As many as 43 million workers risk dropping out of the world labour market or moving into long-term unemployment if governments revoke economic stimulus measures too soon, the International Labour Organisation said on Monday.
 
An early exit from support measures taken in the financial crisis could postpone a recovery in employment for years, the United Nations agency said in its latest World of Work report.

The report does not contain a forecast for unemployment over a specific timeframe, as data are incomplete.
In September, the ILO said unemployment in 2008 and 2009 could rise by 39-61 million from 2007 levels to a record 219-241 million.