The International Labour Organisation (ILO) has revised upwards its estimates of worldwide unemployment, and called for a “global jobs pact” to address the current crisis.
Its statistics estimated that in the period of 2007 to 2009, between 210 million and 239 million people would lose jobs, representing world unemployment rates of 6.5 and 7.4 per cent respectively.
ILO said projections indicate that 200 million workers are at risk of joining the ranks of people living on less than $2 per day between 2007 and 2009. The number of unemployed youth is expected to rise by 11-17 million from 2008 to 2009. – PTI
The recession is ought to be long lived! These numbers signify that what the world has actually lost.
In India theer is no such provision of calculation the real numbers of unemployed people. While in China there is a record of pets! We are really lagging behind :
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