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Global unemployment rose by 5 million last year, the International Labour Organization (ILO) said on Monday, criticising governments for a lack of job creation policies.
Some 202 million people, or 6 per cent of the world’s working-age population, were without a job last year, the UN agency said in its annual report that was published ahead of the World Economic Forum starting on Wednesday in Davos.
“This reflects the fact that employment is not expanding sufficiently fast to keep up with the growing labour force,” the report said.
The largest part of the increase in unemployment came from East Asia and South Asia, followed by Sub-Saharan Africa and Europe.
The ILO said it was especially concerned that those between the age of 15 and 24 are more than twice as more likely to be without work than older people. The jobless rate among young people was 13.1 per cent last year.
“What is urgently needed is a policy re-think. Stronger efforts are needed to accelerate employment creation and to support enterprises that create jobs,” ILO director general Guy Ryder said.
Sharp cuts in public spending and tax increases in many developed countries were hurting private businesses and had reduced global demand for goods and services, the ILO said.
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