World Bank warns \\\'Global Jobs Crisis\\\'

The world faces a global job crisis if the current employment growth trajectory continues, according to a joint report from the World Bank, the International Labour Organisation and the Organisation for Economic Co-operation and Development. The organisations said there will need to be 600 million extra jobs created across the world by 2030 to cope with expanding populations, and there will be not be enough quality jobs. ‘There's little doubt there is a global jobs crisis,’ said Nigel Twose, the World Bank's senior director for jobs. ‘As this report makes clear, there is a shortage of jobs – and quality jobs.’ The research, which was released ahead of the G20 labour and employment ministers meeting in Melbourne on 10 to 11 September, also revealed that there was a ‘large and persistent shortfall’ in the number and quality of the jobs being created in G20 countries is affecting prospects for re-igniting economic growth, according to International Business Times.