G20 nations could save up to 11 million jobs this year, says UN labour chief

(Sept.23,2009): - The Group of 20 industrialized nations – G20 , can take measures which could generate or save up to 11 million jobs in their respective countries this year, according to the head of the United Nations International Labour Organization, ILO.
Ahead of the two-day G20 summit to be held in the United States city of Pittsburgh later this week, ILO Director-General Juan Somavia said the agency forecasts that continued labour market deterioration globally will lead to unemployment ranging from between 219 million to 241 million, the highest level ever. “Unemployment remains massive today as a result of the crisis,” he said. “If the special measures taken are withdrawn too early, the jobs crisis may worsen even further. For people worldwide, and in particular for the most vulnerable and disadvantaged, the crisis will not be perceived as receding, until they get a decent job and a minimum floor of social protection.” Somavia cautioned that “a jobless recovery would not be socially or politically sustainable.”
This week's G20 gathering offers the opportunity to commit more support to policies targeting both strong economic and employment growth, he added. Some 45 million young women and men enter the international labour market every year, putting further pressure on markets already suffering from high unemployment rate.