Unemployment continues to effect billions around the world
with little relief on offer.Self employment and opportunities for
passive income generation are still within reach for individuals
who want to make the effort to beat unemployment.

More than 1.5 billion people which is half the global
working population are currently in vulnerable or insecure
jobs.

These are the key findings of the International Labour
Organisation (ILO) on there recent health check on
employment trends across the world released recently. The
ILO report is anything but encouraging. Despite a promising
increase in growth during 2010, economic recovery had
virtually no impact on unemployment caused by the worst
recession in the global economy since world war two. The
official jobless figure stood at 205 million in 2010, but
that is almost certainly an underestimate since many of
those who would like a job have given up hope of finding
one, while millions more are working part-time when they
would prefer full-time employment.

At a global average of 6.2%, the global unemployment rate
doesn’t sound that alarming, but the overall figure
conceals some concerning trends. Although the developed
economies of the west account for only 15% of the earth’s
working population, they accounted for 55% of the increase
in unemployment between 2007 and 2010.

Equally unsettling is the outlook for youth unemployment,
which the ILO categorises as the number of people aged
between 15 and 24 who are actively seeking work but are
unable to find it. There was a slight reduction in youth
unemployment in 2010 from 79.6 million to 77.7 million but
the jobless rate for the young still stands at 12.6%.

In some countries, the outlook is critical. Spain has youth
unemployment of 40%, while young people in south-east Asia
and the Pacific are 4.7 times more likely to be unemployed
as adults. In Africa the unemployment figures are at
alarming levels.The ILO estimates that in north Africa as a
whole “an alarming” 23.6% of economically active young
people were unemployed in 2010.

In South SAfrica the official unemployment figure stands at
24,9% up from 24% in 2009. Crucially, 72.3% of unemployed
South Africans are 34 years old and younger.

Other countries have yet to face up to the scale of the
challenge represented by the ILO’s data. Even in normal
times, high levels of unemployment – especially among the
young – are a headache for policymakers. But these are not
normal times. Large amounts of taxpayers’ cash has been
used to bail out banks, and those self-same taxpayers are
now facing government spending spending cuts and tax
increases to repair the damage caused to national budgets
by the financial crisis. Low interest rates and easing
demand levels have led to a fresh wave of speculation in
global commodity markets, pushing up the cost of oil and
food. In short, a small global elite has emerged from the
crisis smelling of roses, while the bulk of the world’s
population is struggling with poor job prospects, the
rising cost of essential goods and, in some countries,
repressive government measures impacting directly on the
poor. It is a tinderbox.

For individuals the outlook uncertain and the big question
remains. Are there steps which can be taken now which will
soften the blow of personal unemployment if it should
happen. Self employment, if possible represents long term
solutions for people in any country at any level. Be
Motivated Today provides motivation and an opportunity to
establish a passive income. DFX offers a unique oportunity
for real hands-free passive income. These are real and
lucritive opportunities to counter the risks of future
unemployment.