Sunday, June 9, 2013

World’s jobless may reach 208 million in 2015

Around 208 million people will be out of work by 2015, the International Labour Organisation (ILO) has warned. And in order to return to pre-crisis levels, the European Union will need to create six million jobs.

This is described as a major challenge when considering the bleak picture for the global labour market - unemployment will continue to increase and work conditions will continue to deteriorate.

The warning by the ILO was included in its report ‘Repairing the Economic and Social Fabric’ published this Monday.

The main challenge for economies in developed countries is to combine job creation incentives with measures to adjust budgetary imbalances. “It is necessary to find a better balance between employment creation and other macroeconomic objectives in order to achieve a long lasting and inclusive recovery,” stated the ILO report.

Australia failing on child labour commitment

University of Adelaide law experts say Australia is lagging behind much of the developed world by not signing an international convention on a minimum age for workers, while South Australia is also lagging behind the rest of the nation because it does not have adequate child labour laws.