11 July 2012
Austerity policies designed to cut debt in the Eurozone are resulting in a steady rise in unemployment, prolonging and deepening the crisis in the single currency area, according to a report from the ILO, "Eurozone job crisis: trends and policies responses". Unemployment in the Eurozone could reach almost 22 million over the next four years, unless appropriate measures are taken to boost growth and promote job creation.
01 May 2012
The world needs to create 50 million jobs to return to pre-crisis employment levels, according to the ILO's World of Work 2012 report, but fiscal austerity and tough labour market reforms threaten the scenario for a true jobs recovery.