World of Work report

World of Work report: ILO

  • In the aftermath of the global financial crisis which erupted in 2008, some advanced economies have managed to recover some of the jobs lost
  • Europe, by contrast, is still confronted with significant challenges and in many respects its labour┬ámarket and social outlook continues to deteriorate
  • On the present course, global unemployment is expected to approach 208 million in 2015, up from 200 million today
  • Long-standing labour market imbalances – such as high levels of labour market informality in developing countries and long-term unemployment in advanced economies – will remain acute