UN Warns 200 Million People Will Be Unemployed in 2013

By Jack Phillips
Epoch Times Staff
Created: January 22, 2013 Last Updated: January 23, 2013
Related articles: World » International
Print E-mail to a friend Give feedback

Applicants wait to meet potential employers at a Manhattan job fair on Jan. 17, 2013 in New York City. (Mario Tama/Getty Images)

Applicants wait to meet potential employers at a Manhattan job fair on Jan. 17, 2013 in New York City. (Mario Tama/Getty Images)

The United Nations on Tuesday warned that an estimated 5.1 million more people will be out of a job in 2013, with the hardest-hit demographic being young people.

In the U.N.’s International Labour Organization’s (ILO) yearly report, “Global Employment Trends 2013,” figures show that global unemployment is on the rise again after falling for two years straight, reflecting a downturn in economic growth. The total number of jobless people worldwide rose by 4.2 million in 2012 to more than 197 million—a 5.9 percent unemployment rate—the agency reported. 

Nearly 13 percent of those without a job were aged 24 and under, the agency found. 

“Many of the new jobs require skills that jobseekers do not have,” ILO Director-General Guy Ryder said in a statement on the ILO website. “Governments should step up efforts to support skills and retraining activities in order to address such mismatches which particularly affect young people.” 

Thirty-five percent of all young unemployed people were out of work for six months or more in advanced economies, which was up by around 6.5 percent from 2007, according to the ILO. 

“Many young people now experience long-term unemployment right from the start of their labor market entry,” Ryder told CNN. “When this occurs early on in a person’s career, it can do significant damage to their long-term employment prospects.”

Around one-fourth of the increase in the world’s unemployment was found in advanced economies, the ILO report stated. The other three-quarters of the increase was due to “spillovers” into other regions, namely East Asia, South Asia, and Sub-Saharan Africa, the ILO reported.

“An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring,” Ryder said, according to the ILO. “This has prolonged the labor market slump in many countries, lowering job creation and increasing unemployment duration even in some countries that previously had low unemployment and dynamic labor markets.” 

The report found that long-term unemployment also grew, pointing out that around one-third of Europe’s jobless have not had work in more than a year, reported the BBC. Around 39 million people around the world have given up on trying to find a job, the report added.

The agency noted that countries with apprenticeships, including Germany, Switzerland, and Austria, had the lowest youth unemployment rates in the world.

The peak global jobless rate was 6.21 percent in 2009, following the global economic collapse, reported The Associated Press. The global unemployment rate last year was 5.93 percent.

The Epoch Times publishes in 35 countries and in 21 languages. Subscribe to our e-newsletter.


Selected Topics from The Epoch Times

Hong Kong