GENEVA, Jan 22 - The global jobless queue will stretch to more than 200m people this year, the International Labour Organization said in its annual report on Tuesday, repeating a warning it has made at the start of each of the last six years.
The UN jobs watchdog estimates unemployment will rise by 5.1m this year to more than 202m, and by another 3m in 2014, following a rise of 4.2m in 2012.
f those predictions are right, global unemployment will hit a record. But the ILO has revised its jobless figures down each year as the number of those giving up the job hunt altogether swells, meaning they are no longer classed as unemployed.
A Reuters analysis of previous ILO reports shows that estimates of unemployment made in each of the last six years have subsequently been cut. The original 2007 joblessness figure of 189.9m is now put at 169m – 11 per cent lower.