Tender Procurements and Contract Opportunities Indonesia

Geneva - The economic crisis has deleted about 20 million jobs a year, while millions more to be threatened if the government pulled out too early stimulus plan, the UN labor agency warned Monday.

"In the 51 countries for which data is available, at least 20 million jobs have been lost since October 2008 when the financial crisis started," said the International Labor Organization (ILO) in a report.

"Global jobs crisis is far from over," lead author Raymond Torres told reporters.

"It is therefore important to avoid a premature exit strategy," he said, claiming that "the real recovery will only be achieved when work is recovered.

"Despite some early signs of economic progress, because a significant increase in unemployment and part time work, supported these steps will not be withdrawn too early," added Torres.

The ILO estimates that about five million more jobs would be at stake if the stimulus plan is not followed.

More than 43 million people - including the long-term unemployed who give up their job - could also get out of the labor market, according to the report entitled "The Global Jobs Crisis and Beyond".

The report also said that employment in rich countries may not be restored to pre-crisis levels until 2013, unless steps are "more assertive" is taken to create jobs.

Meanwhile, countries can grow and recover in 2011.

The ILO estimates that in September of social protection adopted by the G20 group of leading economies will create or save 7 to 11 million jobs in their countries.

While governments and financial institutions consider the most appropriate time to release the stimulus packages of multi-billion dollars which they introduced during the last year to prop up a fading economic activity, some economists have warned that long-term inflation risk if they keep it too long. (*) (Xinhua / AFP)