Global Employment Trends, 2013: ILO
- Global labour markets are worsening again
- New recession conditions in Europe have been spilling over globally
- Policy incoherence has led to heightened uncertainty, preventing stronger investment and faster job creation
- The continuing nature of the crisis has worsened labour market mismatches, intensifying downside labour market risks
- Job creation rates are particularly low, as typically happens after a financial crisis
- The jobs crisis pushes more and more women and men out of the labour market
- Youth remain particularly affected by the crisis
- Weak labour markets holding back private consumption and economic growth
- Despite a recovery over the medium run, unemployment remains elevated
- Labour productivity growth has slowed sharply, preventing further gains in living standards
- Structural change has slowed down in emerging and developing economies, damaging engines of growth
- Further progress in reducing working poverty and vulnerable employment requires higher productivity growth and faster structural change
- A new consumer class is emerging, but is not yet large enough to constitute an independent engine of growth
Brian Dear 