UN: 27 million people became unemployed in 2009

[Ardent15]

DAVOS, Switzerland—Twenty-seven million people around the world lost their jobs in 2009, the U.N. labor agency said Wednesday, warning of a jobless recovery in a report released on the opening day of the World Economic Forum.

About 12 million of the newly unemployed were in North America, Japan and Western Europe, the International Labor Organization said. The jobless jumped by nearly four million in both Eastern Europe and Latin America, while unemployment rates were more stable last year in Asia, Africa and the Middle East.

The figures point to the need for a "global jobs pact" to boost employment around the world, the ILO said.

"Avoiding a jobless recovery is the political priority of today," ILO chief Juan Somavia said. "We need the same policy decisiveness that saved banks now applied to save and create jobs and livelihoods of people."

<http://www.mercurynews.com/business/ci_14272883>

Damn. :(

[donheld]

1. The Equivalent of Florida and Illinois total population

[aquart]

2. The "recession" is, however, over.

FOR BANKS.