Epress.am News from Armenia
The global financial crisis forced as many as 30 million people out of work since 2007, and economies need ways to generate more “decent” jobs, the International Monetary Fund and International Labour Organization said, Bloomberg BusinessWeek reports.
The two institutions will examine “major challenges in creating enough quality jobs to sustain growth and development” at a Sept. 13 conference in Oslo, according to a joint discussion paper released on Sept. 2.
The IMF and ILO are aiming to start a debate because “political, community, business and labor leaders all over the world are asking for answers to the threat of a slow jobless recovery,” the paper said.
“The scars of this distress in labor markets could last for a very long time — in the case of young workers unable to get their first job, a lifetime,” said the IMF and the ILO, a United Nations agency based in Geneva.
More than 210 million people are unemployed in the world, the IMF said.