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ILO says unemployment is expected to remain high into foreseeable future
The International Labour Organization says unemployment worldwide is expected to remain high into the foreseeable future, despite the gradual recovery of the global economy.
ILO says global consumer demand for good and services remains low and employers are expected to meet any near term increase in demand by raising their existing employees' hours of work as opposed to hiring new workers. Patrick Maigua reports from Geneva:
employment lines getting longer
According to the International Labour Organization, the five most affected economic sectors in terms of job losses include manufacturing, construction, mining, wholesale and retail trade, transport and communication and the financial services sector. ILO says up to 16 million jobs have been lost in the five sectors since October 2008, with manufacturing being the hardest hit with 9.4 million job losses. Elizabeth Tinoco from ILO says job losses were unequally distributed across regions and between developed and developing economies:
"Export oriented sectors and to a lesser extent agriculture were mostly affected in developing countries while manufacturing and wholesale retail trade lost more jobs in the developed economies. On average, in 2009 compared to 2008, men lost more jobs than women in manufacturing, construction, wholesale and retail and financial intermediation. Conversely, female workers consistently added jobs in health and public administration over the same period. In service sectors, such as hotels and restaurants and wholesale and retail trade, female and part time workers were the first to loose their jobs, but also were among the first to get them back as the economy actively improved. "
ILO however says there were some sectors with positive developments on the employment front. The financial services sector is reported to be showing signs of mild jobs recovery in the latter part of 2009, while employment in the health sector continues to grow steadily with at least 1.6 million job opportunities created in the sector during the last quarter of 2009. Patrick Maigua UN Radio Geneva.
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