Global unemployment picture

The ILO reports that worldwide joblosses could hit 50 million by the end of 2009. The IMF expects global economic growth to reach its lowest point since the Great Depression at the end of the year, with developed economies expected to shrink by 2% during the year.



Update 1
The Economist has this article on the global job loss story, which is fast threatening to become the single biggest global economic and political challenge.