Rediff.com  » Business » Global unemployment may surge: ILO

Global unemployment may surge: ILO

Source: PTI
April 02, 2009 15:40 IST
Get Rediff News in your Inbox:
The ILO has forecast that global unemployment could increase by more than five crore (50 million) this year unless policies are implemented which balance social and economic dimensions.

The global turmoil has also made casual workers four times more vulnerable in the job market than regular workers, it said.

"However, the trend can be reversed if the world acts together and implements policies which balance social and economic dimensions," ILO representative in India Leyla Tegmo Reddys said at a function.

"There should be convergence of policies to maintain and create jobs, get credit flown into enterprises, expand and deepen social protection and promote social dialogue to ensure workers rights are respected," she said quoting the ILO director general. Reddy said ILO has clearly stated "the current crisis has its root in the past."

The economy was not creating enough descent work and that inequalities within and between countries were widening, she said referring to a study.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2022 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!