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Unemployment problem far from over
Jul 10, 2013

Just yesterday, we wrote about why the improved US jobs data was hardly a reason for investors to cheer. That the lower unemployment levels are an indication of underemployment is evident not just in the US but also in the Indian economy. At the same time, the global 2012-13 unemployment data reported by CIA, is a cause for concern. It clearly shows that not just the BRIC economies, but even the ones in the West are struggling with the problem of job creation. While governments may be trying to camouflage the issue by creating jobs for skilled workers, both unemployment and underemployment may create serious social problems if not addressed promptly.

Source: CIA

This Chart Of The Day was published in The 5 Minute WrapUp - Does the PM mean business for a change?

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