the ranks of the unemployed will be increased by another 20 million - thanks to the many benefits of the financial crisis .
i understand that most of the newly unemployed are not eligible for any "bonus" payments for their past services - many will probably be thrown out on their ear !
it's the first time in a decade of record keeping by ILO , that the number is expected to rise ABOVE 200 million !!!
from the article :
October 20, 2008 at 2:27 PM EDT
GENEVA " The global financial crisis will add at least 20 million people to the world's unemployed, bringing the total to 210 million by the end of next year, the U.N. labour agency said Monday.
That will be the first time in a decade of record keeping that the global total has been above 200 million people, said officials of the International Labour Organization.
Also Monday, the president of the U.N. General Assembly said in New York that he would establish a high-level task force to suggest steps to reform the global financial system to reflect 21st century economic realities " including greater clout for developing countries.