International: ILO recommends better regulation of the global and European labor market

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. 

Through . Published on 04 May 2012 à 12h48 - Update on 04 May 2012 à 12h48

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,…

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