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Session on unemployment dampens the mood

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By Isabelle Kumar
Session on unemployment dampens the mood

<p>As the name suggests, “The Open Forum” is one Davos event to which all are welcome. No magic World Economic Forum badge required! I attended a very interesting session on unemployment.</p> <p>The International Labour Organisation (<span class="caps">ILO</span>) presented shocking statistics showing that 4.2 million more people joined the ranks of the unemployed in 2012 and projected that things are only expected to get worse. </p> <p>Armed with those figures, <span class="caps">ILO</span> Director General Guy Ryder issued a stark warning to the Davos elite, telling them the time for back slapping over brighter economic prospects was way too premature.</p> <p>There were also warnings that if action is not taken fast we will no longer be talking about one lost generation but several, with rising unemployment a ticking time bomb that could trigger greater social unrest.</p> <p>The panel had some words of advice for young people, such as “don’t aim too high” and “don’t worry about what your first job is”. </p> <p>The message was clear: “Just get a job and get experience of what working life is like.”</p>