Business
4:18 am
Mon April 30, 2012

Business News

Originally published on Mon April 30, 2012 6:30 am

The International Labor Organization issued a report Monday warning that austerity measures imposed in many countries are hurting the job market, as well as failing to effectively reduce deficits. The major European economies received the brunt of the report's criticism. The report predicts a 3 percent rise in the global unemployment rate for 2012.