Saturday, March 5, 2011

Global employment crisis will stir social unrest, warns UN agency

From The Telegraph  Excerpts:

The United Nations work agency said it was putting back by two years from 2013 its previous assessment of the time needed to create the 22 million jobs still needed to regain the pre-crisis level - 14 million in rich countries and 8 million in developing states.
And:
In 35 countries for which data exists, nearly 40 per cent of job seekers have been without work for more than one year, running risks of demoralisation and mental health problems, and young people were disproportionately hit by unemployment.

It noted that social unrest related to the crisis has been reported in at least 25 countries, including some recovering emerging economies.

This week riot police were on the streets as protesters in Spain, Belgium, Italy and Greece demonstrated against tough austerity measures.


On a metaphysical note:
Uranus re-enters Aries on March 12  Another perspective.

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