Economics Report - Global Jobless Numbers Likely to Rise This Year

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the	to	wealthy	without	young

VOA Learning English, welcome to Economics in Special English. International Labor Organization says nearly 200 million people are jobs around the world. And the ILO is warning even higher unemployment this year. The United Nations agency a report called "Global Employment Trends 2013." It says number of unemployed worldwide rose by more than 4 last year from the year before. The report says fourth of this increase was in developed economies. The 75 percent was in mainly developing economies in Asia, in African countries south of the Sahara Desert. The also says an estimated 39 million people stopped looking work last year. The average length of unemployment increased in developed economies. One-third of all job seekers in countries were unemployed for a year or more. The Director-General-, Guy Ryder, says the world's economic recovery is expected to be strong enough to reduce unemployment quickly. group says the labor market is especially hard for people. The ILO says 12.6 percent of people between ages of 15 and 24 are unemployed worldwide. It more and more young people, who experience long-term unemployment, looking for work. This prevents them from gaining needed experience. Guy Ryder says, to create jobs, all countries provide more predictable policies. He says these include measures raise wages and support buying. He says countries should reforms to strengthen their banking industries, so banks can credit. For VOA Learning English, I'm Carolyn Presutti.

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