Global unemployment reached nearly 202 million in 2013. That is according to a new report by the United Nations labor agency. The ILO says those bearing the brunt are the young.
A recovery in the labor market has reduced poverty and improved social justice across the EU, according to the Bertelsmann Foundation. But the gap between northern and southern countries remains wide.
The United States' unemployment rate has dropped to its lowest level in almost 17 years, the Labor Department has reported. Employers added positions as businesses reopened after Hurricanes Harvey and Irma.
German economic growth in the third quarter has beaten analysts' expectations as stronger investment propelled GDP expansion in Europe's powerhouse. Some pundits see a risk of the economy overheating.
Although global wealth has grown substantially in the past decade, the so-called millennial generation is finding it harder to excel financially than previous generations due to greater inequality and joblessness.
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