According to a report published this week by the International Labour Organization (ILO), the unemployment rate will continue to grow in Brazil during the next two years, reaching 7,1% by 2015 and 7,3% by 2016.

Last year the unemployment rate reached 6,8%. According to the study “World Employment and Social Outlook – Trends 2015”, unemployment in Brazil will also be of 7,3% by 2017. The unemployment rates expected for Brazil from 2015 to 2017 are above the world’s average as well as of the average for Latin America and the Caribbean and for the G20, a group that gathers the main economies of the world, among which is the Brazilian economy.

“For the first time since 2002, GDP’s growth in Latin America for 2014 and 2015 will be lower than for advanced economies. Unemployment has grown once again in the region, particularly in countries that largely depend on primary matter’s exportation”, says ILO. “The 6,8% unemployment economic growth’s slowdown has affected labour markets”, outlines the organization. According to the study, unemployment in Latin America will reach 6,8% this year and 6,9% in 2016. By 2017 a small recovery is expected in the region, with a 6,8% unemployment rate.

There will be major differences among Latin American countries. Mexico will have a 4,8% rate this year, due to the recovery of the American economy. Argentina’s expected rate is 9,5%. Colombia will reach almost 10% and Bolivia will barely have a rate of 2,7%.

The report states that employment perspectives will deteriorate during the following on a global scale. In 2014, over 201 million people were unemployed, 31 million more than prior the 2008’s world financial crisis. According to ILO, 3 million people will join the unemployed population during 2015 and another 8 million will do so during the next four years. The world’s “employment deficit”, including jobs lost since the beginning of the world crisis, has reached over 61 million jobs. “If we take into account people who will enter the labour market during the next five years, 280 million extra jobs will be needed by 2019, in order to deal with the deficit”, claims ILO.

The organization points out that the world’s economy is still growing at a much lower rate than prior the 2008 crisis and therefore seems “incapable” of re-absorbing the employment deficit and reducing social inequalities that emerged during this period. ”The challenge of making the unemployment and sub employment rates go back to the numbers they had before the crisis seems to have become an impossible task”, says the organization, which also gives warning about “the serious economic and social risks” that the situation implies.

According to the report, unemployment is dropping in certain advanced economies, such as the United States, Japan and Great Britain, but remains at worrying levels in most European countries. In the United States the unemployment rate will be of 5,9% in 2015 and 5,5% in 2016, after reaching 6,2% in 2014.

Despite the improvement of certain developed economies, the employment situation deteriorates in emerging and developing countries. In China, unemployment reached 4,7 % in 2014 and will increase to 4,8% in 2015 and 4,9% in 2016. The OIT considers that sub employment and unemployment “will remain at high levels” during the following five years in emerging and developing countries.