202 Million to be affected by Unemployment in 2012

According to the International Labor Organization (ILO) report, the unemployment rate will increase up to 202 million in 2012. This is an alarming trend particularly in European countries, which are struggling to get rid of slow economy.

The organization reported that the trend will go upward in 2013. The unemployment rates have been increasing to almost two-third in European countries since 2010. If the trend will continue, the entire European nations will be worst affected in the coming days.

The organization reported that the labour market suffered a lot in 2011 due to economic crisis.

The experts and analysts predicted that the unemployment rates will increase 6.2 per cent by 2013 and the number of people seeking jobs will grow up to 210 million by 2016.