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Unemployment rate raises 35 per cent in 2009 in CIS

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  • Unemployment rate raises 35 per cent in 2009 in CIS

    Unemployment rate raises 35 per cent in 2009 in CIS
    30.05.2009 15:12 GMT+04:00

    /PanARMENIAN.Net/ The labor market situation has continued to
    deteriorate since the start of the financial crisis. In March
    International Labor Organization (ILO) estimated, that global
    unemployment would increase in between 24 and 52 million in 2009 as
    compared to 2007. ILO's current projection suggests that the range
    will be between 39 and 59 million.
    In CIS and South East European countries the unemployment level will
    increase by 35 per cent. This means that 220 to 239 million people
    would be jobless this year. In 2008 the number of unemployed reached
    190 million. The level of unemployment among young generation can grow
    by 14 to 15 per cent.
    International Labor Organization calls on the states to implement more
    coordinated measures and recommends to intensify road and building
    construction projects thus creating new jobs. ILO suggests to discuss
    the adoption of the `Global employment Pact' at the international
    labor conference to be held between June 3 and 19.
    Referring the past experience, ILO states that restoration of the
    labor market can take 4 to 5 years starting from economical
    upturn. The labor market annually completed with 45 million people,
    and it means that over the period between 2009 and 2015 300 million
    new job places must be created for ensuring them with work.
    The number of unemployed in Armenia grew by 6.5 per cent in April
    against the same period of last year and reached 81 200
    people. According to the official data of the RA National Statistical
    Service, in April the unemployment rate in the country grew by 3.2 per
    cent compared to March.
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