Global unemployment growing despite boom

GLOBAL unemployment hit a record high of 192 million last year, despite a buoyant world economy, with young people making up nearly 50% of the jobless.

The figures from the International Labour Organisation (ILO) also show that about half of the world’s 2.8 billion workers are still earning less than $2 (`€1.63) a day, putting them on the international poverty line.

This figure is unchanged from the 1.4 billion figure of a decade ago, the United Nations’ agency said.