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Wednesday, 26 January 2011

gulfnews : Mideast joblessness world's highest

The Middle East's unemployment rate is the highest in the world, new figures from the International Labour Organisation (ILO) revealed yesterday.

The ILO report, Global Employment Trends 2011, said current estimates for 2010 show a 10.3 per cent level of unemployment in the region. The youth unemployment rate is almost four times the adult rate.

The outlook for 2011 is also bleak with economic growth projected at 5.1 per cent — short of pre-crisis trends — and little change is expected in the unemployment rate over the next 12 months.