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Terrorism's toll on employment

Employment prospects are worsening in the aftermath of the September 11 terrorist attacks on New York and Washington by putting an added 24m people at risk of losing their jobs, according to the latest forecasts of the International Labour Organisation in Geneva.

"That number could be conservative," warns ILO director-general Juan Somavia.

He has pointed out that the ILO was already expecting a "major decent work deficit" before those attacks. Global unemployment went up from 100m to 160m during the 1990s despite economic expansion.

It is estimated that about 1bn people worldwide are now either jobless, under-employed or working poor, with 80 per cent of people of working age lacking access to basic social protection. (Courtesy: ft.com) 

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