Unemployment To Hit All-Time High In 2013

The global jobless queue will stretch to more than 200 million people this year, the International Labour Organization said in its annual report on Tuesday, repeating a warning it has made at the start of each of the last six years. The U.N. jobs watchdog estimates that in 2013 unemployment will rise by 5.1 million to more than 202 million, and by another 3 million in 2014, following a rise of 4.2 million in 2012.