IMF fears 'social explosion' from world jobs crisis

The good news is that the global economy is now producing output at a greater level than it ever has in history.

The bad news is that it is doing it with less and less workers. Thirty million jobs have been lost since the credit crisis, three quarters of the total in the developed or western world. Global unemployment has reached 210m.

America and Europe face the worst jobs crises since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the IMF has warned. Read the story here.