Davos leaders fear surge in unemployed

first_img whatsapp Share Tuesday 25 January 2011 8:57 pm Davos leaders fear surge in unemployed by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ whatsappcenter_img GLOBAL unemployment will be at the top of the agenda at Davos this year, with one official of the World Economic Forum warning that the biggest danger for 2011 is the possibility of a “jobless recovery”.The warning comes as the International Labour Organisation (ILO), a UN body, announced yesterday that worldwide unemployment has stayed stubbornly high at 205m during 2010. The ILO also forecast that the number will fall by less than one per cent during 2011. The figure means that there are now 27.6m more people without jobs than in 2007 before the crisis hit.Delegates at Davos will discuss the threat of ongoing joblessness this morning at an event entitled: “The West isn’t working”, held by Manpower, an employment consultancy and main sponsor of the WEF.Jeffrey Joerres, chairman and chief executive of Manpower, will blame western educational systems for not being “aligned with the needs of the world of work”.“Industry and educational institutions must work together more constructively and governments need to target funding in the right areas,” he says. “Companies, governments and educators all have a responsibility to get this right.”World leaders are particularly nervous that stubborn unemployment could combine with skyrocketing commodity prices to create conditions ripe for widespread civil unrest. President Barack Obama has come under heavy fire ahead of his first State of the Union address for failing to boost job creation: US unemployment currently stands at 9.4 per cent.Europe is in even worse straits. And the economist Nouriel Roubini, who is due to speak at a CNBC breakfast in Davos this morning, has warned that the UK in particular has a “whiff of stagflation” about it, saying it is “already double dipping while inflation is rising.” Youth unemployment in the UK is already on a par with general unemployment in Spain, with both now at 20 per cent. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more