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Labour market recession threats social outlook

The World of Work Report 2010

A new report by the research arm of the International Labour Organization (ILO) says a long “labour market recession” is worsening the social outlook in many countries. The study, World of Work Report 2010 – from one crisis to the next?, says that, if current policies persist, a recovery in employment to pre-crisis levels will be delayed until 2015 in advanced economies, instead of 2013 as it projected one year ago. An overview by Carla September

 

The authors acknowledge that three years into the crisis, the global economy has resumed growing, with some countries witnessing encouraging signs of employment recovery – significantly in emerging economies in Asia and Latin America. However, the report by the ILO’s International Institute for Labour Studies (see reference) also warns that “despite these significant gains ... new clouds have emerged on the employment horizon and the prospects have worsened significantly in many countries” ...


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Social cohesion at risk
Main findings
Three-pronged approach out of the crisis


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