The Guardian- Unemployment to break all-time record in 2013
Los Angeles Times - by Tiffany Hsu - 1 day agoThe number of unemployed workers worldwide has boomed by 28 million people in the five years since the global financial crisis began, ...
Unemployment to break all-time record in 2013
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A job fair in Japan. Global unemployment keeps rising and is expected to exceed a record set in 2009. (Akio Kon / Bloomberg )- Employer AttorneyEDD & Labor Commissioner Claims Employee or Independent Contractor? www.StanwyckLaw.com
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The number of unemployed workers worldwide has boomed by 28 million people in the five years since the global financial crisis began, leaving 197 million people without jobs last year, according to a new report.
The numbers show a “crisis in labour markets of both advanced economies and developing economies,” according to new data from the International Labour Organization.
In 2012 alone, 4 million people joined the unemployment ranks. The figure will swell by another 5.1 million workers this year to 202 million unemployed job seekers, soaring past the all-time record of 199 million jobless people in 2009.
Quiz: How well do you remember 2012?
By 2017, some 210.6 million people will be out of work, according to the ILO, an agency of the United Nations based in Geneva. And that doesn’t include the hordes of people who have stopped searching for work and dropped out of the labor market entirely, “masking the true extent of the jobs crisis.”
Growth is slowing worldwide – with deep deceleration in China, India, Latin America and the Middle East. The Euro area suffered from “a piecemeal approach to financial sector and sovereign debt problems,” according to the report.
Investment levels have yet to recover to pre-crisis levels in many nations, due in part to uncertainty over government policies, researchers wrote. Wages, especially in developed nations, are suffering and putting pressure on consumer spending.
The dismal situation has left young people in particularly dire straits. Some 73.8 million job seekers ages 15 to 24 are without work, with many struggling to find employment from the moment they enter the job market.
The youth unemployment rate is expected to increase to 12.9% in 2017 from 12.6% now.
The global jobless rate is expected to remain at 6% through 2017, near its high in 2009.
ALSO:
Eurozone unemployment hits record high 11.6%
Female unemployment exceeds men's for first time since recession
California unemployment rate remained unchanged at 9.8% last month
Though I don't hear this talked about much in the news this is caused worldwide by overpopulation and having reached the Practicable as opposed to the ideal theoretical limit of the world's resources. In other words any economy that cannot maintain a 3% growth rate is going to see an ongoing increase in unemployment on into the foreseeable future. A 3% growth rate is the point at which one can maintain around 4 to 6% unemployment ongoing. Anything below a 3% growth rate means that more and more high school and college graduates of that nation won't be able to find jobs including those that lose jobs older than that.In nations in the lower 50% of economic capabilities for one reason or another these times of overpopulation and reaching the limit of their resources likely will lead to destabilization of those governments or the temporary end of those governments of those nation states during the coming years. Until overpopulation comes under control and in balance in relation to natural and manufactured resources this will just get worse and worse worldwide.In the past wars and then world wars controlled world populations along with pandemics and bad water and bad food. However, because of nuclear weapons those population solutions related to war no longer exist unless we want to explode the planet and end life on earth completely. So, it is hard to say how balance will be achieved in the future of life on earth now.
Likely, global Warming, pandemics, bad water and bad food unfortunately are the only realistic mechanism mother nature has left to achieve any kind of useful balance here on earth in the present. Without those mechanisms life here on earth likely will turn into more of a living hell every day for most of the people still living here on earth.
However, there is one solution that I have thought of that might allow Human population to go to around 13 billion people. If humans lived underground and kept the surface only for farming and recreation it would greatly reduce heating and cooling and the energy needed worldwide because underground the temperature tends to stay around 60 degrees Fahrenheit year around. This would allow all the surface of the landed areas of earth to be more available for farming food. My thought is that the earth might then be able to accommodate up to 13 to 15 billion people in this way. By stopping all surface construction people wouldn't be paving and building on all the best farmland like is being done now and we likely could grow enough food for 13 to 15 billion. This is one potential solution to the overpopulation problem here on earth. -
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