Recession Erased 5 Yrs of Employment Gains in Latin America

GlobeTracker| The US stock market may be making a big comeback, but unemployment has devastated people in the US and around the globe. While Latin American economies appear to be recovering faster than others, experts say that the recession has reversed the gains made from 2003 to 2008, in prioritizing the employment of young people.

“The challenges for the countries are immense. We are talking about a generation of young people who not only mark the future but the present with high levels of inactivity,” says Guillermo Dema, an ILO specialist in youth unemployment for Latin America and the Caribbean. “They are frustrated, they cannot get married or start their own families. It is generating a serious problem.”  via CS Monitor