Wanted: 44 million new jobs a year

In the ten years to 2009, global employment grew from 2.74 billion to 3.21 billion.

Astonishing. That isn’t 470 million gross new jobs of which many have since been destroyed. That figure is the net of jobs destroyed and jobs created.

In the next ten years, more than 440 million new jobs will be needed to absorb new entrants into the labour force, and still more to reverse the unemployment caused by the crisis.

Again, astonishing.  30 million people are unemployed because of the great recession and the global labour force will be growing at 1.6% a year too. Those people need jobs.

This is going to be an interesting decade.