UN agency for bold steps to avert job crisis

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UNITED NATIONS, Oct 22 (PTI): UN labour agency chief has called for "bold and innovative actions" to avert an unemployment crisis resulting from the current global financial turmoil, which could increase the number of jobless people worldwide by 20 million.
Preliminary estimates indicate that the financial crisis could increase the number of unemployed from 190 million in 2007 to 210 million in late 2009, Juan Somavia, Director General of the International Labour Organisation (ILO) said.
In addition, the number of working poor living on less than a dollar a day could rise by some 40 million - and those at USD 2 a day by more than 100 million. The sectors hit the hardest would be construction, automotive, tourism, finance, services and real estate, ILO said.