7.2 Million Plus jobless people in 2009 by ILO

ILO (International Labour Organization) said that Asia is likely to have 7.2 million plus people will be jobless till the end of 2009 as due to the fall of global economic crisis, raising to 5.1% jobless rate.

By the reports, last year their was a unemployment of 4.8%.

For More Info Log on to Times of India

80,000 jobs terminated in Single day Globally

Atleast 80,000 jobs lost in single day through out the world on Monday, that is on January 26th. From 80,000 jobs most of them are from construction machinery manufacturer Caterpillar, pharma major Pfizer, telecom firm Sprint Nextel and home improvement retailer Home Depot. This indicates that the recession attacked all Industries mainly machinery equipments.

Banking Sectors also announced the job cuts, from ING axed at about 7,000, Philips Company announced 6,000 job cuts and also the largest steel maker of British Corus also axed about 3,500 from its global workforce.

For Info Check out Silicon India