When global unemployment hits a record high of 186 million people even as growth is picking up, one of the world’s most intractable problems is thrown into sharp relief.
The latest report by the International Labour Organisation (ILO) highlights, along with high unemployment in developing economies, the dilemma of developed economies. Many of them are experiencing a recovery in growth without a parallel jobs recovery. The US is at the forefront of this, as for the first time job creation substantially lags the economic upturn.
