Job Losses Worldwide Could Total 51 Million
01.28.09 |
A new report from the UN's International Labor Organization says worldwide job losses could range from 30 million to 51 million by the end of this year. The UN agency's worst-case figure would put the global unemployment rate at just over seven-percent, compared to six-percent in 2008. The figures illustrate how the economic downturn has sparked global employment problems.
Caterpillar, Texas Instruments and insurer ING are just a few of the major companies that are slashing thousands of jobs as the economic downturn continues. The UN agency said government-funded infrastructure projects could help create jobs until the outlook for the private sector begins improving. The report also urged governments to extend unemployment benefits and health insurance programs to those who are jobless.
CATEGORIES
AUTHORS
ARCHIVE BY MONTH
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008