The International Labor Organization (ILO) predicts global unemployment will worsen over the next two years.The ILO found that nearly 200 million people were unemployed at the end of last year. This was nearly 30 million more than in 2007, before the world financial crisis.The global financial crisis started in the United States with bank failures, defaults on home mortgages, and credit card payments. Many layoffs followed. It spread globally."The crisis affected almost every part of the world," according to Yale Global Online, a publication of Yale University.The ILO predicts that more than 2 million more people will be out of work by the end of this year. That will mean 200.5 million unemployed worldwide by the end of 2016.Guy Ryder is ILO Director-General at their headquarters in Geneva, Switzerland.
