United Nations

Global Unemployment Increased in 2012

Stands at 197 million after 4 million increase last year

|

The number of jobless people around the world rose by 4 million in 2012 to 197 million and is expected to grow further, the UN labour agency warns.

In a report, the International Labour Organization (ILO) said the worst affected were youth: nearly 13% of the under 24s were unemployed.

It said global unemployment was projected to rise 5.1 million this year and by a further 3 million in 2014.

The trend reflected a downturn in economic growth, the document said.

This was particularly the case in developed countries.