GLOBAL EMPLOYMENT TRENDS 2013

1 GLOBAL EMPLOYMENT TRENDS + + + + + + .887 + + 220 + 48 + + + +1. 9 + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

2 + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + ILOR ecovering from a second jobs dipGLOBAL

3 EMPLOYMENT TRENDS 2013 Recovering from a second jobs dipGlobal EMPLOYMENT TRENDS 2013 The annual GLOBAL EMPLOYMENT TRENDS (GET) reports provide the latest GLOBAL and regional estimates of EMPLOYMENT and unemployment, employ-ment by sector, vulnerable EMPLOYMENT , labour productivity and working poverty, while also analysing country-level issues and TRENDS in the labour market. Based on the most recently available data and taking into account macro-economic TRENDS and forecasts, the GET reports seek to shed light on cur-rent labour market TRENDS and challenges.

4 The reports build on the ILO s Key Indicators of the labour Market (KILM) and include a consistent set of tables with regional and GLOBAL estimates of labour market indicators. Each report contains a short-term labour market outlook, assessing likely TRENDS and drivers of labour market developments around the GLOBAL EMPLOYMENT TRENDS 2013 report highlights how the crisis is in-creasingly raising trend unemployment rates, partly driven by sectoral shifts of jobs that had been triggered by the crisis. Despite historically low interest rates in many advanced economies, investment and EMPLOYMENT have not shown tangible signs of recovery.

5 Depressed growth prospects have started to spread to the developing world where low productivity and wage growth continues to remain an issue in most regions, preventing further improve-ments in EMPLOYMENT and disposable incomes, in particular among poorer report argues that policy-makers need to tackle uncertainty to increase investment and job creation, in particular by providing better coordina-tion of different policy instruments. Also, in countries with high and ris-ing unemployment, job guarantee programmes for targeted labour market groups should be the preferred policy measure.

6 Finally, rising labour market discouragement and structural unemployment should be tackled with new skills and training initiatives to help jobseekers find EMPLOYMENT in alterna-tive industries and to promote their employability more 2013 GLOBAL EMPLOYMENT TRENDS 2013 Recovering from a second jobs dipINTERNATIONAL labour OFFICE G E N E VACopyright international labour Organization 2013 First published 2013 Publications of the international labour Office enjoy copyright under Protocol 2 of the Universal Copyright Conven-tion. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated.

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9 Catalogues or lists of new publications are available free of charge from the above address, or by email: our website: in Switzerland WEI Printed in Switzerland SROISBN 978-92-2-126655-6 (print)ISBN 978-92-2-126656-3 (pdf)ISSN 2304-4365 (print)ISSN 2304-2893 (pdf)ILO Cataloguing in Publication DataGlobal EMPLOYMENT TRENDS 2013: Recovering from a second jobs dip / international labour Office. Geneva: ILO, 2013 international labour Officeemployment / unemployment / labour market / economic recession / economic development / regional development / trend / Africa / Asia / CIS countries / developed countries / developing countries / EU countries / Latin Cataloguing in Publication Data3 Acknowledgements.

10 7 Executive summary .. 91. Macroeconomic challenges have worsened .. 15 The GLOBAL economic slowdown intensifies in 2012 .. 15 Protectionism and policy incoherence could create further risks for the GLOBAL economy .. 22 The economic outlook remains cloudy .. 25 Appendix 1. The ILO hiring uncertainty index .. 27 Appendix 2. Public sector, social security and labour market measures in selected countries .. 282. GLOBAL labour market TRENDS and prospects .. 31 Unemployment is on the rise again, as job creation slows across most regions.