homeworld NewsInternational Unemployment Day 2023: History and significance

International Unemployment Day 2023: History and significance

International Unemployment Day is dedicated to raising awareness about the struggles of the unemployed. It offers a platform for people to raise this crucial issue and push those in power to act for a resolution. While not officially recognised by United Nations or any other major international body, this day remains significant even today. 

By CNBCTV18.com Mar 6, 2023 6:49:09 AM IST (Updated)

2 Min Read

Unemployment is an insidious issue in every society. Over the years, there have been massive agitations demanding work or wages from governments. One such protest took place in the aftermath of World War I. It led to the creation of International Unemployment Day. While not officially recognised by United Nations or any other major international body, this day remains significant even today.
History
The Great Depression, triggered by a stock market crash in 1929, had a profound impact on economies around the world. Unemployment became a widespread problem, with limited social services available to help those affected. On March 6, 1930, thousands of people took to the streets in major cities across the globe to protest against the mass unemployment caused by the Great Depression. This coordinated campaign of marches and demonstrations was dubbed International Unemployment Day.
The idea for International Unemployment Day was proposed by the Executive Committee of the Communist International (ECCI) in Moscow. The initial plan was to hold the events on February 26, 1930, but the date was postponed to allow more time for preparation.