The report explains that there is a deficit of 50 million jobs in the world in comparison to the pre-crisis situation, and that a possible economic recovery will not be sufficient to make up for this loss all the while providing employment for the over 80 million people expected to enter the labor market. Raymond Torres, author of the report and Director of the ILO’s International Institute for Labor Studies, is particularly worried about the situation in Europe, where he points out that unemployment has increased in nearly two-thirds of these countries. Labor market recovery is also at a standstill in the US and Japan and the report points to signs of weakness among the better skilled workers in China. In emerging countries, the employment rate remains below the peak they reached in 2007.
yment has increased in nearly two-thirds of these countries. Labor market recovery is also at a standstill in the US and Japan and the report points to signs of weakness among the better skilled workers in China. In emerging countries, the employment rate remains below the peak they reached in 2007.
Structural imbalance. According to the ILO, labor market imbalances are becoming more structural, particularly affecting the most vulnerable workers and the long-term unemployed.
Do you have information to share with us?