Wednesday, January 28, 2009

U.N. agency says that World economy may lose 51 million jobs.

Economic slowdown has turned into a global employment crisis. As a result of economic slowdown, up to 51 million people worldwide will lose their jobs by the end of this year, United Nations agency said on Wednesday. This will make the global unemployment rate to 7.1 per cent.
The International Labor Organization (ILO) previously estimated the employment in Octber and said that 20 million jobs will disappear by the end of year 2009. What a bad days ahead ??
Source : Reuters

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