Foundation for Economic Education » Global Unemployment Predicted to Hit 50 Million

Global Unemployment Predicted to Hit 50 Million

Posted By Sheldon Richman

“From lawyers in Paris to factory workers in China and bodyguards in Colombia, the ranks of the jobless are swelling rapidly across the globe. Worldwide job losses from the recession that started in the United States in December 2007 could hit a staggering 50 million by the end of 2009, according to the International Labor Organization, a United Nations agency…. High unemployment rates, especially among young workers, have led to protests in countries as varied as Latvia, Chile, Greece, Bulgaria and Iceland and contributed to strikes in Britain and France.” (New York Times ^[1], Monday)

Supply and demand.

FEE Timely Classic

“The Cure for Unemployment” ^[2] by Roland W. Holmes

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/global-unemployment-predicted-hit-50-million/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2009/02/15/business/15global.html?ref=todayspaper

[2] “The Cure for Unemployment”: http://www.thefreemanonline.org/columns/the-cure-for-unemployment/

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