"Much of the increase can be blamed on rising unemployment in advanced economies."
What a pathetic statement that denies reality.
It is the rise of the global welfare state mentality that all the "wealthy" developed nations can afford to carry the lazy. Often the lazy from other countries. This problem should have been expected.
Locally, the taxpayers of Massachusetts have to watch over $1 billion of their state tax dollars per year get spent for benefits provided to illegal immigrants. Not legal immigrants. ILLEGAL immigrants. There is much anger over it, yet the liberal morons in the state keep electing people like Gov. Patrick. Who now wants to spend an additional $100 million a year on more benefits for illegal immigrants.
I highly doubt the questionable economic benefits touted on this web site, one of many on the topic, provide enough tax revenue in the state of Massachusetts to cover that bill.
Oh, by the way, just days before the November 2011 election a report quietly came out that as many as 2,000 illegal immigrants in 1 Massachusetts city are registered to vote.
So I guess the spending did one thing. It bought votes.
http://benefitof.net/benefits-of-illegal-immigration-in-the-united-states/
This How to Arrive and Thrive web site promoting welfare immigration to the UK is part of why the UK is slowly drowning in the cost of its welfare state.
http://www.ukimmigrate.co.uk/
Globally the TAKERS will soon outnumber the GIVERS.
The ultimate in unsustainable policies, yet so many people love the ideals of it.
Despite two consecutive years of falling global unemployment, the number of jobless is once again on the rise. And projections for future years aren’t looking much better.
According to a new report from the International Labour Organization, the global unemployment rate in 2012 rose to 5.9 percent of the workforce, increasing by 4.2 million people. Over 197 million people are now considered unemployed.
“An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring,” said ILO Director-General Guy Ryder. “This has prolonged the labour market slump in many countries, lowering job creation and increasing unemployment duration even in some countries that previously had low unemployment and dynamic labour markets.”
Much of the increase can be blamed on rising unemployment in advanced economies.
The job market is particularly bad for workers under 24, as 12.6 percent are unemployed. And while the situation is expected to improve for young people in advanced economies, it’s only projected to worsen in emerging economies in Eastern Europe, East and Southeast Asia and the Middle East.
But, overall, a rising middle class in emerging economies should help soften the unemployment blow but not enough to prevent rising unemployment in the coming years.
So what can governments do?
“[M]any of the new jobs require skills that jobseekers do not have,” Ryder added. “Governments should step up efforts to support skills and retraining activities in order to address such mismatches which particularly affect young people.”
The report also noted that 39 million people left the labor market last year.
Read the full report here.
