What does it mean to be poor in 2010? In monetary terms, the number of people living below the official extreme-poverty threshold of $1.25 per day in developing nations has declined. In fact, according to the World Bank’s benchmarks, the extreme poverty rate worldwide has tumbled from about 50 percent in [...]

ILO Report : World Unemployment reached highest level on record in 2009                                                           Over half the workers are in vulnerable employment
GENEVA (ILO News) – The number of jobless worldwide reached nearly 212 million in 2009 following an unprecedented increase [...]

More than half the world’s workers – especially women in the world’s poorest countries – are in informal jobs with low pay and no protections, and the global economic downturn threatens to push the number even higher, according to a report released Wednesday.
The Paris-based OECD estimates that 1.8 billion people are working without a formal [...]