http://www.asu.asn.au/media/international/20120501_international.html The global employment situation is alarming, says a new United Nations, which also warns that recovery is not expected any time soon. The World
of Work Report 2012: Better Jobs for a Better Economy - published by the UN
International Labour Organization (ILO) - http://www.actu.org.au/Images/Dynamic/attachments/7609/World_of_Work_Report_2012.pdf says that around 50 million jobs are
still missing compared to the situation that existed before the global economic
crisis.
It also warns that the global jobs crisis is likely to get worse due to
several factors, including the fact that many governments, especially in
advanced economies, have shifted their priority to a combination of fiscal
austerity and tough labour market reforms. Such measures are having “devastating” consequences on labour markets in
general and job creation in particular, ILO stated in a news release. Full article at http://www.asu.asn.au/media/international/20120501_international.html
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