The number of unemployed workers worldwide has boomed by 28 million people in the five years since the global financial crisis began, leaving 197 million people without jobs last year, according to a new report.
The numbers show a “crisis in labour markets of both advanced economies and developing economies,” according to new data from the International Labour Organization.
In 2012 alone, 4 million people joined the unemployment ranks. The figure will swell by another 5.1 million workers this year to 202 million unemployed job seekers, soaring past the all-time record of 199 million jobless people in 2009.
Source: LA Times. Read full article. (link)