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Unemployment : an incurable malady ?

The global employment situation keeps deteriorating at an alarming speed. Since the 2008 crisis, another 25 million persons are actively seeking a job that they cannot find. ILO (International Labor Organization) estimates at 202 million the number of unemployed worldwide in 2013 — equivalent to 125% of the total US labor force.

Reality is even uglier. ILO has been trying to track the number of the so-called...

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