GLOBAL ECONOMY

Nearly 100 Million People In Richest Countries Remain Unemployed

Protesters and women from the coal mine sector from the Asturias, Leon and Aragon regions protest against the Government policies on the sector including huge cuts in subsidies since 2012 and the rising unemployment in Madrid, Spain, Saturday, July 13, 2013. Banner reads "Coal mine woman association". (AP Photo/Andres Kudacki)

Protesters and women from the coal mine sector from the Asturias, Leon and Aragon regions protest against the Government policies on the sector including huge cuts in subsidies since 2012 and the rising unemployment in Madrid, Spain, Saturday, July 13, 2013. Banner reads "Coal mine woman association". (AP Photo/Andres Kudacki)

Five years after the global financial crisis hit its peak, the top 20 economies in the world still have "unacceptably high levels" of unemployment, according to top international labor and development officials. 

In fact, top international labor and development officials say almost a third of the 93 million people unemployed in the Group of 20 major economic powers have been out of work for more than a year.

Guy Ryder, head of the United Nations International Labor Organization, and Angel Gurria, head of the Organization for Economic Cooperation and Development, say the rate of employment growth remains weak in most G-20 countries, which represent 80 percent of the world's economic output.

"I am convinced that more can be done," Ryder said.

The two agencies released data Wednesday showing unemployment dropped slightly in half the G-20 countries, but rose among the other half — with unemployment highest, above 25 percent, in South Africa and Spain.

Among the 93 million unemployed in early 2013, about 30 percent on average were jobless over a year.

The International Labor Organization recommends the following policies to help the economies bounce back: Increasing the level of investment in infrastructure, enhancing the level and coverage of minimum wages, expanding the coverage of social protection systems to increase resilience of households and reduce poverty, adopt public employment programs, enhancing skill levels, improving availability of credit, and providing 

Based on reporting by The Associated Press.

Follow us on twitter.com/foxnewslatino
Like us at facebook.com/foxnewslatino