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Outlook Gloomy for Global Employment, Labor Group Predicts

The International Labor Organization predicts global unemployment will worsen over the next two years, with emerging and developing economies bearing the brunt of the problem. The ILO, which released its annual “World Employment and Social Outlook" report Tuesday, said that more than 197 million people around the world were unemployed at the end of last year — 27 million more than the pre-crisis level of 2007. The ILO forecast 2.3 million more people would be out of work by...

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