Wednesday, January 26, 2011

Middle East backdrop

Against the background of all going on right now, I can only recommend yesterday's ILO report on global employment.

It's Executive Summary says the following on the Middle East:

"The downward trend in the regional unemployment rate in the Middle East was interrupted by the global economic crisis, and current estimates for 2010 show a level of unemployment at 10.3 per ...cent, which is the highest regional rate in the world. The youth unemployment rate is almost four times the adult rate. Gender inequalities continue to be a major concern, as the gap between male and female employment-to-population ratios, at 47.2 percentage points, is twice the global average. Economic growth in 2011 is projected at 5.1 per cent, falling short of pre-crisis trends, with little change expected in the region’s unemployment rate."

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