Not a comforting prediction

With the economies of countries around the globe in various degrees of trouble, this report from the ILO - as reported in The Guardian in a piece "Global unemployment to trigger further social unrest, UN agency forecasts" - should give us all pause for concern. The ramifications are significant on a host of levels.

"The International Labour Organisation (ILO) has warned of growing social unrest because it fears global employment will not now recover until 2015.

This is two years later than its earlier estimate that the labour market would rebound to pre-crisis levels by 2013. About 22 million new jobs are needed – 14 million in rich countries and 8 million in developing nations.

The United Nations work agency today warned of a long "labour market recession" and noted that social unrest related to the crisis had already been reported in at least 25 countries, including some recovering emerging economies."

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Reading the Chilcot Inquiry Report more closely

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Mahler's Prodigal Son

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