UNITED NATIONS: Secretary-General Ban Ki-moon’s spokesman said on Wednesday that projections for rising global unemployment over the next two years are “alarming” and the UN chief will keep pushing for job opportunities, especially for youth.
The comments from deputy spokesman Farhan Haq were in response to a new report from the UN labour agency projecting that the number of unemployed people will increase by nearly 2.3 million in 2016 and 1.1m in 2017 as a result of the global economic slowdown last year.
Haq said Ban has been raising the need for new jobs in discussions with business leaders and others at the World Economic Forum in Davos, Switzerland this week.
According to the report from the Geneva-based International Labour Organisation, the number of unemployed people reached 197.1m in 2015, nearly one million more than in 2014 and over 27m higher than before the global financial crisis in 2008, which ignited the worst economic downturn since the Great Depression.
The increase in jobseekers in 2015 occurred mainly in emerging and developing countries — and emerging economies are expected to see an increase in unemployment in the next two years, especially in Asia, Latin America and commodity-producing nations in the Mideast and Africa, the ILO report said.
The two emerging economies predicted to contribute the greatest numbers to unemployment rolls in the next two years are Brazil, adding 700,000 people, and China, adding 800,000 people, it said.
ILO Director-General Guy Ryder said Tuesday in Geneva that “the significant slowdown in emerging economies coupled with a sharp decline in commodity prices is having a dramatic effect on the world of work.”
He called for urgent action “to boost the number of decent work opportunities.” Otherwise, he warned, “we risk intensified social tensions.”
On a positive note, the ILO said unemployment has declined in developed countries including the United States and those in northern, southern and western Europe. It said most major developed economies “will see rates stabilize or continue to show modest improvements” in the next two years.
“In the United States, the unemployment rate is expected to dip below 5pc in 2016, reaching 4.7pc in 2017,” the report said.
But the report said “vulnerable employment” — poor jobs with low and highly volatile earnings and no benefits — “remains a pressing issue worldwide.”
“Vulnerable employment accounts for 1.5bn people, or over 46pc of total employment,” the report said. “In both southern Asia and sub-Saharan Africa, over 70pc of workers are in vulnerable employment.”
In the coming years, the ILO said, vulnerable employment is expected to remain at around 46pc globally, and a major challenge will be in emerging economies where the number of vulnerable workers is projected to grow by some 25m over the next three years.
Source: AP
