Unemployment will rise by 11 million in the next five years,
the UN’s International Labour Organization warned. More than 212 million people
will be jobless by 2019 against the current level of 201 million, the said.
"This means the jobs crisis is far from over and there
is no place for complacency," ILO head Guy Ryder told reporters. "The austerity trajectory... in Europe in
particular has contributed dramatically to increases in unemployment."
The worst-hit segment globally were those aged between 15
and 24, with the youth unemployment rate touching 13 percent in 2014, almost
three times the rate for adults.
"There is massive human waste, suffering and misery
stemming out of unemployment," Ryder said
The ILO said the income gap was set to widen, with the
richest 10 percent earning 30 to 40 percent of total income, and the poorest 10
percent earning between two and seven percent of total income. Extreme poverty
continues to affect one out of 10 workers globally who earn less than $1.50 a
day, he added.
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