Job Crisis in Poor Nations Is a ‘Time Bomb,’ U.N. Warns

The world’s poorest countries face a dangerous shortage of jobs, the United Nations development chief said. He called the problem a “ticking time bomb” that threatens global stability. Millions of young people in emerging markets enter the workforce every year. Yet there are not enough jobs for them. Without work, many face poverty and frustration. The U.N. official urged governments and businesses to act now. Creating jobs, he said, is the only way to defuse the crisis before it explodes.