Tue, Apr 25, 2017 | updated 08:11 AM IST

World's jobless to rise amid economic uncertainty, growing inequality: UN report

Updated: Jan 13, 2017 10:57 IST      
World's jobless to rise amid economic uncertainty, growing inequality: UN report

Geneva [Switzerland], Jan. 13 (ANI): The United Nations International Labour Organization (ILO), which released its 2017 World Employment and Social Outlook on Thursday, finds economic growth trends lagging behind employment needs and predicts both rising unemployment and worsening social inequality throughout 2017.

"We are facing the twin challenge of repairing the damage caused by the global economic and social crisis and creating quality jobs for the tens of millions of new labour market entrants every year," said ILO Director-General Guy Ryder.

According to the report, the global GDP growth reached a six-year low last year, well below the rate that was projected in 2015. Forecasters continue to revise their 2017 predictions downwards and uncertainty about the global economy persists, generating worry among experts that the economy will be unable to employ a sufficient number of people and that growth will not lead to inclusive and shared benefits.

Throughout 2017, global unemployment is expected to rise by 3.4 million. The increase, while a modest 5.7 to 5.8 percent, is due to deteriorating labour market conditions in emerging countries - particularly those in Latin America and the Caribbean. However, unemployment is expected to fall in developed countries - especially in Northern, Southern, and Western Europe, the United States and Canada.

In addition, the figure of 1.4 billion people, who are employed in vulnerable working conditions, is not expected to decrease. That number represents 42 percent of all employment for 2017.

"Almost one in two workers in emerging countries is in vulnerable forms of employment, rising to more than four in five workers in developing countries," said Steven Tobin, ILO Senior Economist and lead author of the report.

The statistic is even worse for emerging countries. Those living in Southern Asia and sub-Saharan Africa are facing the greatest risk.

While the number of people living in poverty has been declining in recent years, the progress rates have begun declining and are expected to continue to diminish in 2017. In developing countries, the rate of poverty is actually increasing.

The report also points out a number of social inequalities that are creating barriers to growth and prosperity. Gender gaps in particular are affecting the labour market. In Northern Africa, women in the labour force are twice as likely as men to be unemployed. That gap is wider still for women in Arab States. As a result of these and other social inequalities across a wide range of demographics, the ILO estimates that the risk of social unrest or discontent is growing in almost all regions.

"Boosting economic growth in an equitable and inclusive manner requires a multi-faceted policy approach that addresses the underlying causes of secular stagnation, such as income inequality, while taking into account country specificities," said Toobin. (ANI)

Narendra Modi does not want peace with Pakistan: Musharraf

Updated: Apr 25, 2017 07:45 IST     

Connecticut [USA], Apr 25 (ANI): Amid already strained ties between the two neighbors, Pakistan's former military ruler General (retired) Pervez Musharraf further added fuel in the fire by stating that Indian Prime Minister Narendra Modi is not interested in making peace with Pakistan, while adding that New Delhi is now run by a 'hardcore religious party'.

Full Story >>

7.1 magnitude quake hits Chile, no major damage reported

Updated: Apr 25, 2017 06:40 IST     

London [U.K.], Apr 25 (ANI): A powerful earthquake measuring 7.1 on richter scale rocked the west coast of Chile, shaking the capital Santiago as well.

Full Story >>

New York [U.S.], Apr. 25 (ANI): Continuing his vociferous campaign for the GOP healthcare plan, President Donald Trump took another shot at ObamaCare while assuring that his plan will lead to cheaper premiums and "real healthcare".

Full Story >>

New York [U.S.], Apr. 25 (ANI): After raising eyebrows with a blog post touting President Donald Trump's personally owned private Florida club, Mar-a-Lago, the State Department has removed the post.

Full Story >>

First malaria vaccine to be tested in Africa in 2018

Updated: Apr 25, 2017 06:06 IST     

New York [U.S.], Apr. 25 (ANI): In a promising development, the World Health Organization (WHO) has announced that it is ready to go-ahead with the testing of the first malaria vaccine in real-world settings next year.

Full Story >>

Rome [Italy], Apr. 25 (ANI): French presidential candidate Emmanuel Macron and Italian Prime Minister Paolo Gentiloni have expressed their desire to work together for the benefit of European prosperity,.

Full Story >>

'What's been going on while I've been gone': Obama is back

Updated: Apr 25, 2017 05:01 IST     

New York [U.S.], Apr. 25 (ANI): A visibly relaxed and casual Barack Obama made his first public appearance after bidding farewell as the 44th U.S. President, and addressed a group of university students saying that he plans to focus on encouraging young people to engage in local politics in Chicago- the city from which he launched his political career.

Full Story >>

London [U.K.], Apr. 25 (ANI): Outrage ensued after the US embassy in London publicised Donald Trump's country club at Mar-a-Lago in Florida, with the page on the embassy site devoted to the country club, describing it as "the winter White House".

Full Story >>

Moscow [Russia], Apr. 25 (ANI): The United States has declared to pursue anyone connected to the use of chemical weapons in Syria and also threatened to shut down their financial networks.

Full Story >>

New Delhi [India], April 24 (ANI): Asserting that building a wall on the Mexican border will stop drugs from pouring into the United States, President Donald Trump has said that if it is not built then the drug situation will never be fixed the way it should be.

Full Story >>

Imran Khan can't be a leader of youth: Former Pak President

Updated: Apr 24, 2017 22:51 IST     

Mardan [Pakistan], April 24 (ANI): Taking a jibe at Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, former president Asif Ali Zardari has said that how can the former be a leader of the youth as Khan is older than him, adding that his son Bilawal is the leader for the young people.

Full Story >>

Pak Army to play its due role in Panamagate probe

Updated: Apr 24, 2017 22:08 IST     

Rawalpindi [Pakistan], April 24 (ANI): The Pakistan Army has said that it will play its due role in a legal and transparent manner as part of the Supreme Court-ordered Joint Investigation Team (JIT) which will probe Prime Minister Nawaz Sharif and his family's business dealings abroad.

Full Story >>

Stockholm [Sweden], April 24 (ANI): A second suspect has been arrested by Swedish Police in connection with the Stockholm truck attack.

Full Story >>

Indian warships arrive in France on three day visit

Updated: Apr 24, 2017 19:10 IST     

Toulon [France], April 24 (ANI): In continuation of the Indian Navy's overseas deployment (OSD) to the Mediterranean Sea and West Coast of Africa, three Indian warships INS Mumbai, Trishul, and Aditya, arrived at Toulon today on a three day visit.

Full Story >>

Nepal's "Miracle Baby" now attending play school

Updated: Apr 24, 2017 19:10 IST     

By- Binod Prasad Adhikari

Full Story >>

Altaf Hussain can seek India's support: Pak Christian leader

Updated: Apr 24, 2017 17:51 IST     

Philadelphia [USA], April 24 (ANI): Muttahida Qaumi Movement (MQM) founder Altaf Hussain can appeal to India for legal assistance for minorities in Pakistan under the Liaquat-Nehru Pact, said the president of Pakistan Christian congress (PCC), Dr. Nazir S Bhatti recently.

Full Story >>

Suicide car bomb attack near Khost military base

Updated: Apr 24, 2017 16:14 IST     

Kabul [Afghanistan], April 24 (ANI): A suicide car bomb attack reportedly took place near a military camp in Afghanistan's southeastern Khost province on Monday.

Full Story >>

Afghan Army command structure changed post-Taliban attack

Updated: Apr 24, 2017 16:04 IST     

Kabul [Afghanistan], April 24 (ANI): Afghanistan's President Ashraf Ghani has approved major changes in the command structure of the nation's army following Taliban attack on Shaheen Army Corps in Balkh province on Friday that claimed the lives of over 100 soldiers.

Full Story >>

Dawn leaks report to be unveiled soon

Updated: Apr 24, 2017 15:05 IST     

Taxila [Pakistan], Apr 24 (ANI): The Dawn leaks report is expected to be unveiled in a couple of days, according to a media report.

Full Story >>

Nepal: Oppn opposes decision to hold two-phase polls

Updated: Apr 24, 2017 13:48 IST     

Kathmandu [Nepal], Apr 24 (ANI): The Communist Party of Nepal- Unified Marxist- Leninist (CPN-UML) has expressed its concerns and objections over the government's decision to hold local polls in two phases.

Full Story >>