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Global Employment Trends 2014 : Risk of a Jobless Recovery download book

Global Employment Trends 2014 : Risk of a Jobless Recovery.cInternational Labour Office
Global Employment Trends 2014 : Risk of a Jobless Recovery
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Author: International Labour Office
Number of Pages: 126 pages
Published Date: 16 Oct 2014
Publisher: International Labour Office
Publication Country: Geneva, Switzerland
Language: English
ISBN: 9789221274858
File size: 11 Mb
Download Link: global employment trends 2014 risk of a jobless recovery
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Global Employment Trends 2014 highlights the risks of a jobless recovery. While economic activity is starting to recover in most developed and emerging economies, labor markets have not recovered from previous weaknesses and global unemployment remains at 6 percentalmost 202 million jobseekers. As joblessness persists, more unemployed workers are becoming discouraged and quitting the labor market, further widening the crisis-related jobs gap in comparison to pre-crisis trends. Insufficient private and public consumption as well as low investment prevent faster job creation and a quicker fall in the unemployment rate. Historically low interest rates, especially in advanced economies, have so far triggered a surge in financial rather than in real investment, with little effect on job creation. This report argues that policymakers need to tackle weak aggregate demand growth through more pro-active policies that help boost private and public consumption. In addition, hiring uncertainty needs to be brought down in order to increase investment and job creation.

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