Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued, creating social tension, the International Labour Organisation has warned
...The extended loss of employment and growing perceptions of unfairness risked increasing social tension, the ILO said.
In 35 countries for which data exists, nearly 40 per cent of jobseekers have been without work for more than one year, running risks of demoralisation and mental health problems, and young people were disproportionately hit by unemployment.
It noted that social unrest related to the crisis has been reported in at least 25 countries, including some recovering emerging economies.
This week riot police were on the streets as protesters in Spain, Belgium, Italy and Greece demonstrated against tough austerity measures....
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