The CIA assumes a world unemployment rate of 9.1%. The United Nations International Labor Organization (ILO) sets this rate at about 6% -- meaning about 200 million current jobless -- but at the same time concedes that in many developed countries - such as the United States and the nations of the European Union - the combined figure for unemployment and underemployment is in the neighborhood of 30%. These are depression levels by any reckoning.
Especially dramatic is the situation of youth unemployment. According to the ILO, almost 70 5 million young people between the ages of 15 and 24 were unemployed, yielding a global youth unemployment rate of 12.7%, up one full percentage point from pre-depression levels. Young people are currently three times more likely to be unemployed than adults. In Greece and Spain, 50% of youth are jobless.
Especially dramatic is the situation of youth unemployment. According to the ILO, almost 70 5 million young people between the ages of 15 and 24 were unemployed, yielding a global youth unemployment rate of 12.7%, up one full percentage point from pre-depression levels. Young people are currently three times more likely to be unemployed than adults. In Greece and Spain, 50% of youth are jobless.
