• Poverty rising in Europe: ILO

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    GENEVA: A growing number of Europeans are living in “relative poverty,” the UN labor agency said Wednesday, warning that a lack of quality jobs worldwide was threatening to undo decades of progress in poverty reduction. The International Labor Organization (ILO) also lamented that while poverty had declined dramatically in middle-income countries it remained “stubbornly” high in Africa and much of Asia, with nearly two-thirds of Africans still in extreme or moderate poverty. Overall a new ILO report found that relative poverty—defined as household income below 60 percent of the national median income—was on the rise in wealthy nations.

    AFP

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