Worldwide Unemployment to Set Records in 2013
In 2012 alone 4 million joined the ranks
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.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
Bush's fault.