Up to 50 Million More Jobs Threatened by Global Crisis
 |
| The ILO predicts worldwide poverty will rise as the global economic crisis worsens. |
The global economic crisis could throw as many as 50 million more workers out of jobs worldwide in the next year and lead to a dramatic increase in the number of working poor, according to a new report by the International Labor Organization (ILO).
In its annual Global Employment Trends report, the ILO, an arm of the United Nations, says global unemployment between 2007 and 2009 could rise by 18 million to 30 million workers-and possibly by more than 50 million if the world economy continues to deteriorate. As a result, some 200 million workers, mostly in developing economies, could be pushed into extreme poverty. Click here to download the report.
