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Global employment crisis will stir social unrest, warns UN agency

London Telegraph [1]
Friday, October 1, 2010

Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued, creating social tension, the International Labour Organisation has warned.

In 35 countries for which data exists, nearly 40 per cent of jobseekers have been without work for more than one year, running risks of demoralisation and mental health problems, and young people were disproportionately hit by unemployment.

It noted that social unrest related to the crisis has been reported in at least 25 countries, including some recovering emerging economies.

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[2]

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This week riot police were on the streets as protesters in Spain, Belgium, Italy and Greece demonstrated against tough austerity measures.

In more than three quarters of 82 countries with such information available, peoples’ perceptions of their quality of life and standard of living had declined in 2009 from 2006, with job satisfaction also declining even among those in work.

Full story here. [1]