New and deeper jobs recession looms, UN report warns. We have a brief window of opportunity to avoid a major double-dip in employment

Maastricht 01-11-2011. United Nations report issued today warns that the cooling global economy risks pushing the world into a double-dip jobs recession and triggering an outbreak of social strife unless governments take urgent action to stimulate employment growth.

In what it calls a grim analysis of the future of global employment, the International Labour Organization (ILO) also notes that while private enterprises are in an even weaker position to retain employees since the start of the financial crisis, austerity measures implemented by governments have contributed to the growing numbers of unemployed.

We have reached the moment of truth, said Raymond Torres, Director of the ILOs International Institute for Labour Studies, which issued the report. We have a brief window of opportunity to avoid a major double-dip in employment.

According to World of Work Report 2011: Making markets work for jobs, 80 million jobs need to be created over the next two years for global employment to return to pre-crisis levels.

Bron: United Nations via nieuwsbank