Global Employment Trends 2012: Preventing a deeper jobs crisis

The world faces the "urgent challenge" of creating 600 million productive jobs over the next decade in order to generate sustainable growth and maintain social cohesion, according to the annual report on global employment by the International Labour Organization (ILO).

"After three years of continuous crisis conditions in global labour markets and against the prospect of a further deterioration of economic activity, there is a backlog of global unemployment of 200 million," says the ILO in its annual report titled Global Employment Trends 2012: Preventing a deeper jobs crisis. Moreover, the report says more than 400 million new jobs will be needed over the next decade to absorb the estimated 40 million growth of the labour force each year.