ILO Seeks Creation Of More Jobs

The International
Labour Organisation (ILO) has called on member nations to create more jobs through adequate public fundings.
The Director-General ILO Guy Ryder, stated this in a statement by ILO from its headquarters in Geneva.
Ryder said enough public funds are simply not going into employment creation, stressing that more million jobs could be created through more public cash injection and active labour market policies that would strengthen quick economy recovery among member nations of the organisation.
The Director General said youth were particularly at risk worldwide with the level of youth unemployment rates which doubled that of adults, adding that many youths are neither in employment nor in education.
He blamed lack of demand for relatively slow improvement on the global labour market, stressing that countries are not able to create the employment opportunities they need despite having the needed manpower.
The ILO boss also stated that fiscal consolidation and weak private consumption have had a negative impact on production growth, while growing income inequalities insufficient investment in quality education and training have also effected labour markets.
He concluded that the challenges faced by member nations of ILO were not just about recovering from labour crisis but there were also more longer, structural challenges ahead, such as the growing urbanisation process, the rapid changes in technology and the threats to the environment.