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Report: Global Unemployment to Hit 202 Million in 2013

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The number of people unemployed around the world will continue to increase until 2017, the International Labor Organization (ILO) said Tuesday in its annual employment report.

According to CNBC:

In its 2013 Global Employment Trends report, the ILO forecasts unemployment numbers will rise by 5.1 million in 2013 to reach 202 million, topping 2009’s record.

The report also predicts unemployment will rise further in 2014 to reach 205 million.

“Unemployment remains as dire as it was during the crisis in 2009,” Ekkehard Ernst, chief of the employment trends unit at the ILO, which wrote the report, told CNBC.

Read More Here.

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