The latest report from the International Labour Organisation (ILO) says that there is worldwide unemployment of 250 million ( 25 crore) in 2010. It shows that the job market is slumping in except in emerging economies like Brazil. The unemployed have been continuously increasing in 2009 to 2010 and now in 2011. The hardest hit countries are stated as the most developed countries. ( from FLASHES FROM WFTU).

It clearly shows that the huge subsidies and assistance given by the state to the big business and MNCs has not been used for maintaining or increasing the jobs. It has been used for increasing their profits only.