Thursday 18 July 2013

Officials say unemployment weak among G-20 nations

GENEVA (AP) ? Top international labor and development officials say almost a third of the 93 million people unemployed in the Group of 20 major economic powers have been out of work for more than a year.

Guy Ryder, head of the U.N.'s International Labor Organization, and Angel Gurria, head of the Organization for Economic Cooperation and Development, say the rate of employment growth remains weak in most G-20 countries, which represent 80 percent of the world's economic output.

The two agencies released data Wednesday showing unemployment dropped slightly in half the G20 countries, but rose among the other half ? with unemployment highest, above 25 per cent, in South Africa and Spain.

Among the 93 million unemployed in early 2013, about 30 per cent on average were jobless over a year.

Source: http://news.yahoo.com/officials-unemployment-weak-among-g-20-nations-082003842.html

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