The International Labor Organization (ILO) has warned about a global unemployment rate of 202 million people in 2012.

The projected unemployment rate for 2012 constitutes an increase of 6 million people from 2011, according to the ILO’s World of Work Report 2012.

“Our preliminary figures for 2011 point to a total of 196 million of unemployed, with an increase of 6 million to 202 million in 2012, and an increase of 5 million to 207 million in 2013,” said Raymond Torres, Director of the ILO’s Institute for International Labor Studies, at a press conference in Geneva.