[ti:Global Economy Risks Jobless Recovery] [ar:Mario Ritter] [al:Economics Report] [by:www.51voa.com] [00:00.00]This is the VOA Learning English Economics Report. [00:05.36]Organizations like the World Bank [00:08.06]and the International Monetary Fund [00:10.61]expect the international economy [00:12.91]to perform better this year than in 2013. [00:16.78]They also expect economic conditions to improve next year. [00:21.62]Yet one United Nations agency worries [00:25.02]that economic progress is not creating enough jobs [00:28.81]for the millions of people seeking employment. [00:32.54]The U.N.'s International Labor Organization [00:35.92]is saying current economic growth [00:38.22]has not helped the world's unemployed. [00:41.27]The ILO released a report on employment this week. [00:45.74]Guy Ryder of Britain is the Director General of the agency. [00:50.49]He says the unemployment numbers for 2013 [00:54.29]represent an increase from the year before. [00:59.03]That means new jobs created by economy growth [01:02.59]are not keeping up with the number of people [01:05.43]entering the job market. [01:07.33]"The bottom line figure for 2013 is that there are nearly [01:14.34]202 million people around the world unemployed, [01:18.29]and that represents an increase of nearly [01:22.29]five million on the previous year," said Ryder. [01:25.44]The ILO says much of the increase came from East and South Asia, [01:31.00]they were responsible for nearly half of the additional job seekers, [01:36.07]many others came from sub-Saharan Africa and Europe. [01:41.18]The Managing Director of the International Monetary Fund, [01:45.38]Christine Lagarde raised concerns about job creation [01:49.73]during a speech earlier this month. [01:52.27]She said unemployment remained, in her words, [01:56.33]worryingly high in Europe, [01:58.93]an area expected to show economic gains this year. [02:03.59]One question is whether the current period of economic growth [02:08.39]is leading to job creation. [02:10.44]The ILO says, based on current information, [02:14.74]the world will have 18 million more jobless individuals by 2018, [02:20.65]many of these are young people between the ages of 15 and 24. [02:26.50]Guy Ryder says youth unemployment is a major concern. [02:32.56]"Young people are the particular victims of unemployment: [02:36.91]74.5 million of the unemployed, aged between 15 and 24, [02:43.61]that is one million more than the year before," said Ryder. [02:47.57]The ILO says youth unemployment worldwide is over 13 percent. [02:53.83]There has been success in reducing the number of working poor [02:58.34]over the past 10 years. [03:00.85]The ILO defines the working poor [03:04.71]as individuals earning less than $1.25 a day. [03:10.12]However, the group says 839 million people [03:14.82]earn less than two dollars a day, [03:17.26]that represents one-forth of the globe work force. [03:21.38]Low wages, the group says, mean weak demand and fewer jobs [03:27.43]created in areas like manufacturing and services. [03:32.54]And that's the Economics Report for VOA Learning English. [03:37.60]For more programs, and pdfs of our programs, [03:42.50]go to 51voa.com. [03:46.90]And follow us on Facebook, [03:49.35]YouTube and Twitter at VOA Learning English. [03:54.15]I'm Mario Ritter. [03:56.01]¸ü¶àÌýÁ¦Çë·ÃÎÊ51voa.com