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ILO warns of higher unemployment in Latin America and Caribbean

A new report by the International Labour Organization (ILO) has found an “unusual pattern” in this year’s urban employment rate in Latin America and the Caribbean, which continued to fall despite warning signs of economic slowdown. The ILO report titled “Labour Overview for Latin America and the Caribbean 2014,” noted that the region’s urban unemployment rate may reach 6.3 per cent in 2015, which means that there will be some 500,000 more without jobs.