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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 12:47 PM
Response to Reply #95
96. Millions of people to become expendable next year
http://english.pravda.ru/business/finance/29-09-2011/11... /

The experts of the International Labor Organization and the Organization for Economic Cooperation and Development predict that next year a number of developed and developing countries will face mass unemployment and "catastrophic shortage" of jobs. In the alarmist report, the experts urge the countries to take drastic measures to combat unemployment.


Since the beginning of the global financial crisis in 2008, developing and developed countries lost 20 million jobs. By the end of next year additional 20 million jobs could be lost. According to some experts, the number of unemployed worldwide has reached 200 million.
 The current pace of employment growth in the leading countries is inadequate. In the Group of Twenty the increase is approximately 1% per year, while there is need for it to be at least 1.3% in the next four years.

"We must act immediately and stimulate the process of job growth to offset the losses. Stabilization of the employment level should be a priority in macroeconomic policy", wrote the authors of the report.
 However, the report questioned the fact that these figures are achievable, indicating that the increase in the number of jobs in India and China is directly related to the loss of those in Western countries.

The situation in Europe is 
particularly difficult. While Germany is relatively successful in coping with unemployment, the second euro-zone economy, France, is in a difficult situation.
 There is a new concept of "superfluous people" as a result of chronic unemployment. Mostly, these are young people who are the first to lose jobs in downsizing...For example, in Italy, every other unemployed person cannot find a job for over a year, and in South Africa this number is two out of three. The authors point out that youth unemployment is rising in 15 countries out of 20.
According to the estimates of the International Labor Organization, in Russia the number of new jobs is approximately equal to the number of people who get jobs - approximately 600,000. However, the state apparatus and the sector of public services are growing, while the number employed in manufacturing continues to decline. There is still a relatively high level of long-term unemployment, which is nearly the same among the residents of villages and cities. Among the rural population the share of long-term unemployed is 32.8%, among urban - 32.3%...This increases the "underground" employment. According to the ILO, informal employment in Russia is 10% and is nearly one and a half times the rate of unemployment...
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  -STOCK MARKET WATCH, Thursday, December 1, 2011 Pale Blue Dot  Dec-01-11 05:52 AM   #0 
  - Today's Reports  Pale Blue Dot   Dec-01-11 05:53 AM   #1 
  - Unemployment Higher than Expected, Imagine that!  Demeter   Dec-01-11 08:31 AM   #44 
  - Oh, noes!  hamerfan   Dec-01-11 01:42 PM   #104 
  - Beige Book Shows Stronger Growth, but Europe a Major Threat  Demeter   Dec-01-11 08:52 AM   #52 
  - Have We Turned The Corner on Jobs?  Demeter   Dec-01-11 08:54 AM   #53 
  - U.S. Economy Barely Moving Amid Creeping Disinflation, Beige Book Shows  Demeter   Dec-01-11 08:56 AM   #54 
  - Oil rises to near $101 amid global stocks rally  Pale Blue Dot   Dec-01-11 05:53 AM   #2 
  - U.S. Futures Decline; S&P May Snap 3-Day Gain  Pale Blue Dot   Dec-01-11 05:54 AM   #3 
  - 400 Dow Points Arent What They Used To Be...  rfranklin   Dec-01-11 06:05 AM   #4 
  - Central Banks Treat Fever - Not Bank Disease  DemReadingDU   Dec-01-11 07:17 AM   #12 
     - Fed leads central banks in effort to ease funding woes  Demeter   Dec-01-11 08:20 AM   #40 
        - Commodities Rise to Two-Week High as Fed, Central Banks Boost Liquidity  Demeter   Dec-01-11 08:58 AM   #55 
  - Good morning.  Tansy_Gold   Dec-01-11 06:27 AM   #5 
  - morning miss tansy! nt  xchrom   Dec-01-11 06:48 AM   #6 
  - i'm heading into a different kind of insanity in 48hrs  Roland99   Dec-01-11 06:49 AM   #7 
     - Best wishes to you both! May you find a bit of sanity, safety and security together  Demeter   Dec-01-11 07:21 AM   #13 
     - Congratulations!  DemReadingDU   Dec-01-11 07:35 AM   #16 
     - Wishing you both many fine days together. Being in love is a good thing. eom.  Hotler   Dec-01-11 07:42 AM   #20 
     - that is so sweet! congratulations!  xchrom   Dec-01-11 07:58 AM   #28 
     - Congrats....  AnneD   Dec-01-11 08:33 AM   #45 
     - Congrats to you and your future spouse, Roland99.  Hugin   Dec-01-11 09:09 AM   #60 
     - **Thanks everyone!!**  Roland99   Dec-01-11 11:43 AM   #86 
     - Congratulations  DoBotherMe   Dec-01-11 11:51 AM   #87 
     - Best wishes! n/t  westerebus   Dec-01-11 04:47 PM   #111 
  - europe: Spanish, French Bonds Climb After Auctions; Euro Strengthens  xchrom   Dec-01-11 06:57 AM   #8 
  - European shares turn negative in choppy trade  xchrom   Dec-01-11 07:37 AM   #17 
  - ECB hints at action if euro zone adopts fiscal pact  xchrom   Dec-01-11 07:39 AM   #19 
  - The dash for cash Europes troubled banks are running out of money  xchrom   Dec-01-11 08:02 AM   #30 
  - Did we not just read that American banks were so stuffed with cash  dixiegrrrrl   Dec-01-11 08:38 AM   #46 
     - All that money stuffed into US banks is Capital in Flight from Europe  Demeter   Dec-01-11 08:40 AM   #48 
     - as someone raised in the 50s -- nothing about modern finance & banking makes  xchrom   Dec-01-11 09:06 AM   #59 
        - It's All FRAUD, is What it is  Demeter   Dec-01-11 09:14 AM   #63 
           - +1  xchrom   Dec-01-11 09:26 AM   #67 
           - +++  DemReadingDU   Dec-01-11 09:42 AM   #76 
  - Moscow issues Trans-Caspian Project warning  xchrom   Dec-01-11 08:05 AM   #32 
  - Resource wars getting serious, as predicted.  dixiegrrrrl   Dec-01-11 10:19 AM   #80 
  - Finance Ministers Agree to EU Debt Guarantees  Demeter   Dec-01-11 09:05 AM   #58 
     - Banks row hampers EU bid to halt credit freeze  Demeter   Dec-01-11 09:09 AM   #61 
     - EU Ministers Back National Bank Guarantees With Common Rules  Demeter   Dec-01-11 09:13 AM   #62 
        - Obamas morbid fear of EU meltdown  Demeter   Dec-01-11 09:35 AM   #73 
           - The Never-Ending Eurofiasco By Mike Whitney  Demeter   Dec-01-11 11:07 AM   #83 
           - Yves Smith Snipes:  Demeter   Dec-01-11 12:35 PM   #92 
     - Does Anybody Who Gets It Believe Central Banks Did All That Much Yesterday?  Demeter   Dec-01-11 12:52 PM   #99 
  - Cotton Crop Reaching Record Makes Goldman Bearish: Commodities  xchrom   Dec-01-11 06:59 AM   #9 
  - U.S. Bank Funds Wont Cover MF Global Shortfall, Trustee Says  xchrom   Dec-01-11 07:01 AM   #10 
  - A Hole TOO Big to Fill In  Demeter   Dec-01-11 07:22 AM   #14 
     - I suggest we start filling it with  Tansy_Gold   Dec-01-11 08:14 AM   #37 
        - Is He a Big Enough Man for the Job?  Demeter   Dec-01-11 08:22 AM   #41 
           - He may or may not be, but we won't know until we actually see him there. n/t  Tansy_Gold   Dec-01-11 09:40 AM   #75 
  - Forget Job Creators: The Best Stimulus Is For Shoppers  xchrom   Dec-01-11 07:14 AM   #11 
  - The payroll tax thingy scares the bejeebers out of me  Tansy_Gold   Dec-01-11 07:38 AM   #18 
  - Sing it loud sister. I'm right there with you. eom.  Hotler   Dec-01-11 07:48 AM   #23 
  - And so am I - every word (n/t)  bread_and_roses   Dec-01-11 10:31 AM   #82 
  - Did I Say That?  Demeter   Dec-01-11 07:59 AM   #29 
  - Yes, you did.  Tansy_Gold   Dec-01-11 08:12 AM   #35 
     - That was the purpose of Money  Demeter   Dec-01-11 08:26 AM   #42 
  - Seems like a stealth way to dismantle social security  DemReadingDU   Dec-01-11 08:11 AM   #34 
  - Absolutely.  Tansy_Gold   Dec-01-11 08:13 AM   #36 
  - I am resigned to NO SS for people in their 30/40's.....I fear it will not be there  dixiegrrrrl   Dec-01-11 09:03 AM   #57 
  - Do people think we will continue to receive those SS checks?  DemReadingDU   Dec-01-11 10:03 AM   #78 
     - I have been preparing for the worse since 2007.  dixiegrrrrl   Dec-01-11 10:18 AM   #79 
     - me too, n/t  DemReadingDU   Dec-01-11 03:22 PM   #110 
     - His Discussion of Derivatives is Enlightening and Chilling at the Same time  Demeter   Dec-01-11 11:26 AM   #84 
        - And then, there's the Bibical Jubilee  Demeter   Dec-01-11 11:29 AM   #85 
        - Ilargi has interesting perspective over at TAE  DemReadingDU   Dec-01-11 03:22 PM   #109 
  - yeah...I like the extra money but I'd rather SS be fully funded on its own  Roland99   Dec-01-11 12:04 PM   #89 
     - my opinion  wordpix   Dec-01-11 01:59 PM   #105 
  - This is a tax-scam shell game.  Loge23   Dec-01-11 08:20 AM   #39 
  - +1 n/t  Hotler   Dec-01-11 02:02 PM   #107 
  - Robbing Peter to pay Paul.  westerebus   Dec-01-11 08:29 AM   #43 
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  - The Obama Predicament-and the Final Option! Rev. Richard Skaff  Demeter   Dec-01-11 07:45 AM   #22 
  - Low-intensity? Asia Times is interesting...  Ghost Dog   Dec-01-11 01:15 PM   #101 
  - It's so fucked up. eom.  Hotler   Dec-01-11 02:17 PM   #108 
  - Wells Fargo is an ADMITTED money laundering concern.!  dixiegrrrrl   Dec-01-11 09:16 AM   #64 
     - Not even gonna prosecute or break them up  Demeter   Dec-01-11 09:18 AM   #66 
  - south asia: India traders strike against retail reform moves  xchrom   Dec-01-11 07:55 AM   #26 
  - India Transparency International corruption index blow  xchrom   Dec-01-11 07:57 AM   #27 
  - Food inflation rises to 8%  xchrom   Dec-01-11 08:09 AM   #33 
  - Sensex rallies 360 pts on positive global cues  xchrom   Dec-01-11 08:49 AM   #49 
  - Latin American Poverty Levels Fall To Lowest in Two Decades, UN Report Finds  Demeter   Dec-01-11 08:03 AM   #31 
  - Morning Marketeers....  AnneD   Dec-01-11 08:19 AM   #38 
  - Our water is so hard, I'd have to go liquid  Demeter   Dec-01-11 08:38 AM   #47 
  - Just look it up on You Tube.....  AnneD   Dec-01-11 08:50 AM   #51 
  - Making soap!  Juneboarder   Dec-01-11 12:02 PM   #88 
     - It is so easy as to be sinful....  AnneD   Dec-01-11 01:28 PM   #103 
  - Global Capital Descends on Berlin Tech Scene  Demeter   Dec-01-11 08:49 AM   #50 
  - S&P downgrades hit bank funding, counterparty cost  Demeter   Dec-01-11 08:59 AM   #56 
  - Bank of America stock ( BAC) down again today.  dixiegrrrrl   Dec-01-11 09:34 AM   #72 
  - BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P  Demeter   Dec-01-11 01:10 PM   #100 
  - Somewhere in the past few days, I've picked up a virus  Demeter   Dec-01-11 09:17 AM   #65 
  - I had one that laid me out all of last week.  Fuddnik   Dec-01-11 09:53 AM   #77 
  - A Banker Speaks, With Regret By NICHOLAS D. KRISTOF  Demeter   Dec-01-11 09:27 AM   #68 
  - Unwittingly, we actually made out good on the mortgage loan game.  dixiegrrrrl   Dec-01-11 10:28 AM   #81 
  - Former Award Winning Chase Banker Describes Predatory Mortgage Lending Practices  Demeter   Dec-01-11 12:50 PM   #98 
  - Congress push to relax US securities laws  Demeter   Dec-01-11 09:30 AM   #69 
  - Yves Smith Opines:  Demeter   Dec-01-11 12:37 PM   #93 
  - US faces pension bill for AMR restructure  Demeter   Dec-01-11 09:30 AM   #70 
  - Buffett makes headlines as he buys local paper  Demeter   Dec-01-11 09:31 AM   #71 
  - FT investigation: A realm fit for a tsar  Demeter   Dec-01-11 09:37 AM   #74 
  - Fed saves Europe's banks as ECB stands pat MUST READ  Demeter   Dec-01-11 12:26 PM   #90 
  - What Does the Fed Know That We Dont?  Demeter   Dec-01-11 12:32 PM   #91 
  - Foreclosure fraud whistleblower found dead  Demeter   Dec-01-11 12:42 PM   #94 
  - Economy is So Good People are Living in Cars  Demeter   Dec-01-11 12:44 PM   #95 
     - Millions of people to become expendable next year  Demeter   Dec-01-11 12:47 PM   #96 
     - Is a Universal Social Net Good Macro Economics?  Demeter   Dec-01-11 12:49 PM   #97 
     - "superfluous people" ...  AnneD   Dec-01-11 02:00 PM   #106 
     - "here in my car. I feel safest of all."  Roland99   Dec-01-11 01:22 PM   #102 
 

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