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Profile: International Labor Organization (ILO)

International Labor Organization (ILO) was a participant or observer in the following events:

Depending on the extent and length of the economic crisis, the International Labor Organization (ILO) predicts in its annual Global Employment Trends Report that global unemployment could increase from 33 million to 51 million people, up 18 million from 2007 figures. The ILO urges global governments to emphasize job creation in their fiscal stimulus packages and improve social protection systems for the unemployed and the employed. “We are now facing a global jobs crisis,” Juan Somavia, ILO director general says. “Progress in poverty reduction is unraveling, and middle classes worldwide are weakening. The political and security implications are daunting.” The ILO is a United Nations organization that has painted three 2009 global unemployment scenarios, ranging from bad to worst. “In all scenarios, there will be a global unemployment rate increase in 2009, particularly the developed economies,” the ILO report says. Its most optimistic scenario is based on the International Monetary Fund’s November 2008 world economic growth projection, which indicates that there would be a global unemployment rate at 6.1 percent. This scenario has 18 million more people unemployed by the end of 2009, in comparison to the end of 2007, with a global unemployment rate of 6.1 percent. Under the ILO’s second and third scenarios, the numbers could rise by 30 million or even 51 million, with a much slower economic recovery, with unemployment reaching higher levels in developed countries. Under the ILO’s third scenario, approximately 200 million workers could be pushed into extreme poverty with incomes as low as $1.25 a day; 140 million would be in Asia. “The world is facing an unprecedented crisis that calls for creative solutions,” the organization says. [Deutsche Presse-Agentur (Hamburg), 1/28/2009]

Entity Tags: Juan Somavia, International Labor Organization (ILO), International Monetary Fund

Timeline Tags: Global Economic Crises

In its May 2009 Global Employment Trends Update, the United Nation’s International Labor Organization (ILO) revises its 2009 unemployment projections to levels ranging from 210 million to 239 million unemployed, with corresponding global unemployment rates of 6.5 and 7.4 percent respectively. The ILO specifically cautions that youth around the globe are hardest hit, and warns that the world was headed for an “impending labor crisis.” Describing the global unemployment crisis as “unprecedented,” ILO Director General Juan Somavia says that despite reports of a 2010 global economic recovery, “On average, it can take four to five years after a crisis starts for pre-crisis unemployment levels to be recuperated.” Somavia warns of political unrest should unemployment increase with little or no safety nets in place, and states that more workers are at risk of losing their jobs and falling into poverty. The report is released one week ahead of the June 3-19 Annual International Labor Conference in Geneva, Switzerland, where at least 10 heads of state, including US Secretary of Labor Hilda Solis, France’s Nicolas Sarkozy, and Brazil’s Luiz Inacio Lula da Silva, are expected to attend. Somavia also says that attendees will consider an emergency “global jobs pact” designed to promote a coordinated policy response to the global jobs crisis. “We are seeing an unprecedented increase in unemployment and the number of workers at risk of falling into poverty around the world this year,” he says. “To avoid a global social recession, we need a global jobs pact to address this crisis, and mitigate its effects on people. The choice is ours and the time to act is now.” [Thaindian News, 5/28/2009; International Labour Organisation, 5/28/2009]

Entity Tags: Juan Somavia, Hilda Solis, International Labor Organization (ILO), Nicolas Sarkozy, United Nations, Luiz Inacio Lula da Silva

Timeline Tags: Global Economic Crises

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