ID :
43044
Thu, 01/29/2009 - 15:41
Auther :
Shortlink :
https://oananews.org//node/43044
The shortlink copeid
ILO foresees up to 230 mil. jobless people in 2009+
DAVOS, Switzerland, Jan. 28 Kyodo - With the global financial crisis having triggered a serious slowdown in world economic growth, some 230 million people may be out of work worldwide in 2009,
raising the global unemployment rate to 7.1 percent in one of the worst-case scenarios, the International Labor Organization said Wednesday.
The projection -- the first rise above 200 million in the number of jobless
workers and the highest percentage under comparable data since 1991 -- spells a
percentage rise of 1.1 points from an estimated 6.0 percent in 2008 and an
increase of 40 million in the number of unemployed workers, the LIO said in an
annual report.
The jobless rate in developed economies and the European Union could rise to
7.9 percent from 6.4 percent in 2008, with 40 million people unemployed, up
from 32 million, according to the ''Global Employment Trends'' report.
Among developing regions, the number of jobless workers in East Asia could
reach 46 million, up sharply from 32 million.
The scenario is the worst of three scenarios mapped out by the U.N. body,
applying the largest percentage point increase in the unemployment rate in each
developed country in 1991-2008 and half of the largest point rise in each
developing economy.
Another scenario envisages the global unemployment rate rising to 6.1 percent
in 2009, with 198 million people out of work.
The scenario is based on the revised economic outlook published by the
International Monetary Fund in November 2008. But as the IMF said last December
that it is likely to revise its global economic forecast for 2009 downward
again, the scenario can be seen as ''optimistic,'' the ILO said.
According to the remaining scenario, the worldwide unemployment rate may rise
to 6.5 percent, corresponding to an increase in the number of jobless workers
to 210 million.
The scenario becomes ''more realistic'' if the economic outlook deteriorates
beyond what was envisaged last November, the ILO said.
The economic weight and market size of developed economies and the EU and the
global linkages of the financial sector mean that the current financial crisis
has had ''a major impact on other parts of the world which are seeing their
sources of funding being squeezed and their export markets decline,'' the ILO
said.
The labor market outlook for 2009 depends on the effectiveness of coordinated
government measures and the time it will take for the global economy to find a
path toward sustainable growth, it added.
==Kyodo
2009-01-28 22:23:26
raising the global unemployment rate to 7.1 percent in one of the worst-case scenarios, the International Labor Organization said Wednesday.
The projection -- the first rise above 200 million in the number of jobless
workers and the highest percentage under comparable data since 1991 -- spells a
percentage rise of 1.1 points from an estimated 6.0 percent in 2008 and an
increase of 40 million in the number of unemployed workers, the LIO said in an
annual report.
The jobless rate in developed economies and the European Union could rise to
7.9 percent from 6.4 percent in 2008, with 40 million people unemployed, up
from 32 million, according to the ''Global Employment Trends'' report.
Among developing regions, the number of jobless workers in East Asia could
reach 46 million, up sharply from 32 million.
The scenario is the worst of three scenarios mapped out by the U.N. body,
applying the largest percentage point increase in the unemployment rate in each
developed country in 1991-2008 and half of the largest point rise in each
developing economy.
Another scenario envisages the global unemployment rate rising to 6.1 percent
in 2009, with 198 million people out of work.
The scenario is based on the revised economic outlook published by the
International Monetary Fund in November 2008. But as the IMF said last December
that it is likely to revise its global economic forecast for 2009 downward
again, the scenario can be seen as ''optimistic,'' the ILO said.
According to the remaining scenario, the worldwide unemployment rate may rise
to 6.5 percent, corresponding to an increase in the number of jobless workers
to 210 million.
The scenario becomes ''more realistic'' if the economic outlook deteriorates
beyond what was envisaged last November, the ILO said.
The economic weight and market size of developed economies and the EU and the
global linkages of the financial sector mean that the current financial crisis
has had ''a major impact on other parts of the world which are seeing their
sources of funding being squeezed and their export markets decline,'' the ILO
said.
The labor market outlook for 2009 depends on the effectiveness of coordinated
government measures and the time it will take for the global economy to find a
path toward sustainable growth, it added.
==Kyodo
2009-01-28 22:23:26
