Jobless: Through the eyes of the IMF

Interesting Reading

(1) Jobs, Jobs, Jobs

FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1 Prakash Loungani 

• There are 200 million unemployed now in the World.
• There are 600 million jobs needed
• IMF is of view that fiscal consolidation is contractionary  
• Fiscal stimulus should not be cut back

(2) Jobless in Europe, FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1 Angana Banerji

(3) Back to Work FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1 Leo Abruzzese

• Global jobless is 5.6 %
• Youth in OECD is 16 %
• Unemployment is hitting both advanced and emerging; unemployment rate was higher than 24 % in Macedonia, Greece, Spain, South Africa.

Is there a case for applying 'Evan's Rule'?

Without any risk or responsibility.