World Economic Recovery Not Creating Enough Jobs
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From VOA Learning English this is the Economics Report.
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Organizations like the World Bank and the International Monetary Fund expect the international economy to perform better this year than in 2013. PLAY
Yet one United Nations agency worries that economic progress is not creating enough jobs for the millions of people seeking employment. PLAY
The UN’s International Labor Organization is saying current economic growth has not helped the world’s unemployed. PLAY
The ILO released a report on employment in January. Guy Ryder of Britain is the Director General of the agency. PLAY
He says there were over 200 million people unemployed in 2013: an increase of five million from the year before. PLAY
That means new jobs created by economic growth are not keeping up with the number of people entering the job market. PLAY
One question is whether the current period of economic growth is leading to job creation. PLAY
The ILO says, based on current information, the world will have 18 million more jobless men and women by 2018. PLAY
Many of these are young people between the ages of 15 and 24 who are just entering the job market. PLAY
Guy Ryder says youth unemployment is a major concern. PLAY
The ILO says youth unemployment worldwide is over 13 percent. PLAY
There has been success in reducing the number of working poor over the past 10 years. PLAY
The ILO defines the working poor as individuals earning less than one dollar and 25 cents a day. PLAY
However the group says 839 million people earn less than 2 dollars or less a day. That represents one forth of the global work force. PLAY
Low wages, the group says, mean weak demand and fewer jobs created in areas like manufacturing and services. PLAY
For VOA Learning English, I am Alex Villarreal. PLAY
Organizations like the World Bank and the International Monetary Fund expect the international economy to perform better this year than in 2013. PLAY
Yet one United Nations agency worries that economic progress is not creating enough jobs for the millions of people seeking employment. PLAY
The UN’s International Labor Organization is saying current economic growth has not helped the world’s unemployed. PLAY
The ILO released a report on employment in January. Guy Ryder of Britain is the Director General of the agency. PLAY
He says there were over 200 million people unemployed in 2013: an increase of five million from the year before. PLAY
That means new jobs created by economic growth are not keeping up with the number of people entering the job market. PLAY
One question is whether the current period of economic growth is leading to job creation. PLAY
The ILO says, based on current information, the world will have 18 million more jobless men and women by 2018. PLAY
Many of these are young people between the ages of 15 and 24 who are just entering the job market. PLAY
Guy Ryder says youth unemployment is a major concern. PLAY
The ILO says youth unemployment worldwide is over 13 percent. PLAY
There has been success in reducing the number of working poor over the past 10 years. PLAY
The ILO defines the working poor as individuals earning less than one dollar and 25 cents a day. PLAY
However the group says 839 million people earn less than 2 dollars or less a day. That represents one forth of the global work force. PLAY
Low wages, the group says, mean weak demand and fewer jobs created in areas like manufacturing and services. PLAY
For VOA Learning English, I am Alex Villarreal. PLAY
Source: VOA Learning English
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