Captain Obvious: ‘Massive Jobs Shortfall’ Predicted for Global Economy
September 26th, 2011Via: Guardian:
The world’s major economies are heading for a “massive jobs shortfall” by the end of next year if governments do not change their tack on policy, the International Labour Organisation (ILO) said in a study published on Monday.
In the report, prepared with the OECD for G20 labour ministers meeting in Paris on Monday, the ILO said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.
At current rates it would be impossible to recover them in the near term and there was a risk of the number doubling by the end of next year, it said.
Posted in Economy | Top Of Page
