Global unemployment to hit 200 million as wages stagnate

Feb 16, 2017 | Archives, Economically, Globally

The number of people out of work around the world will hit 200 million in 2017, a new record high. And those with jobs shouldn’t bank on a raise.

Those are the findings of research by the International Labor Organization, an agency that brings together governments, employers and worker representatives from 187 countries.

In a report this week, the ILO said global unemployment is expected to rise by 3.4 million this year, and by 2.7 million in 2018, because the workforce is growing at a faster pace than jobs are being created.

The number of people working but still experiencing poverty remains high…

[Full Article – CNN.com 1/13/17]

 

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