2010-09-14 08:42:57

34 million unemployed worldwide due to economic crisis


The International Labour Organisation estimates that 34 million more people worldwide are unemployed now as a result of the economic crisis.

At a conference Monday in Oslo, Norway, the ILO and the International Monetary Fund brought together statesmen and business leaders from across the globe to address the issue, warning that high unemployment has a high economic and social cost that—unless addressed—will drain the vitality out of any recovery.

“There will be no economic recovery from the crisis unless there is also employment recovery,” Raymond Torres, Director of the International Institute for Labour Studies told Vatican Radio. “The two are the two faces of the same coin.” RealAudioMP3








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