The unemployment levels are still augmenting even though six years have gone since the beginning of the global financial crisis; this is according to the International Labor Organisation (ILO).
In its report, the UN labor body predicts that 201 million people were jobless around the world last year and there are fears that this number could increase by 3 million this year and by an additional 8 million in the coming four years.
ILO projected that the ten countries with highest projected unemployment rates in 2015 are: Mauritania (30.9%), Reunion (29.4%), Macedonia (28.2%), Bosnia (27.5%), Guadeloupe (25.8%), Lesotho (25.7%), Palestinian territories (25.3%), South Africa (25%), Greece (24.6%) and Spain (23.6%).
Guy Ryder director general at ILO said the job crisis is far from over and that there is no room for contentment. He added that more than 61 million jobs had been lost since 2008.
Meanwhile, unemployment levels have decreased in the US, Japan and some European countries but the job market continues to be unyielding in other regions together with Southern Europe says ILO’s annual outlook.
The rise in unemployment according to ILO is attributed to the fact no country had reached pre-crisis growth levels.