Photo: Getty ImagesThe ranks of the world's jobless are expected to grow this year due to slow growth, political and economic uncertainty and a lack of investment, a Untited Nations agency says. Unemployment is rising in major emerging economies, especially those reliant on commodity exports such as Russia, South Africa and Brazil, according to the International Labour Organisation. Due to the failure to create jobs, global unemployment is forecast to increase by 3.4 million people in 2017, bringing the total to 201 million, it said in its annual report World Employment Social Outlook. At the same time, social unrest and a lack of decent wages are prompting job-seekers to migrate from developing regions. Latin America's unemployment rate is set to rise by 0.3% in 2017 to 8.4%, largely due to the slowdown in Brazil, the continent's largest economy, it said.

Source: Otago Daily Times January 12, 2017 21:42 UTC