Global unemployment and poverty are set for a “dramatic increase” in the coming year as the world economic crisis deepens, according to a new report.
Projections by the International Labour Organization, a UN agency, on global employment trends predict that on a worst-case scenario, recorded unemployment could rise by more than 50m from baseline 2007 levels to 230m or 7.1 per cent of the world’s labour force by the end of 2009.
