U.N. Says Over 200 Million Unemployed Worldwide

Young people suffering from a 13.1 percent jobless rate, globally

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The number of unemployed people around the world reached an estimated 201.8 million in 2013, the United Nations’ labor agency said Monday, with new job opportunities not growing fast enough to absorb a growing workforce.

The number of jobless people increased by 4.9 million in 2013 over the previous year, bringing the total global unemployment rate to 6%, the the International Labor Organization said in a report. Young people aged 15 to 24 are the most hard-hit by joblessness, with unemployment rates for that age group reaching 13.1 percent.

The ILO recommended “job-friendly macroeconomic policies,” praising expansionary monetary policy in large advanced economies where unemployment rates would likely be an estimated 1 to 2 percentage points higher due to fiscal crises.

The global jobless rate will likely increase to 6.1 percent in 2014 as the number of unemployed increases another 4.2 million, said the report.

1 comments
AndujarCedeno
AndujarCedeno

We need to get government out of the way of the private sector worldwide so these people can find jobs and build lives with them.


The false idea that we can help individuals and society by creating dependence on government programs funded by fiscally unsustainable levels of taxation is the greatest disaster to strike the globe since WWII.


Government is not the solution. Government is a huge part of the problem. The private sector is the solution.