INTERNATIONAL LABOR ORGANIZATION: 90 MILLION NEW JOBS NEEDED
Friday, March 27th, 2009MANILA, MARCH 27, 2009 (STAR) By Mayen Jaymalin - Nearly 90 million jobs are needed to absorb the new entrants in the labor market and cut short the ongoing global financial and job crisis, the International Labor Organization (ILO) reported yesterday.
In a report titled the “Financial and Economic Crisis: A Decent Work Response,” the ILO said close to 90 million new jobs are needed up to 2010 to avoid a prolonged jobs gap.
ILO Director-General Juan Somavia said governments also need to implement a “global jobs pact” to prevent the severe job crisis that could lead to a massive increase in unemployment and poverty.
