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Fostering employment and growth in Asia

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Frame of Image al crisis
Source: ILO, Trends Econometric Models, October 2012.
Key factors: Prolonged and deepening crisis in Euro area Fiscal uncertainty in US Unresolved financial sector issues and high levels of public debt Macro policy incoherence and lack of international coordination
Macro policy incoherence…
Source: IMF, Fiscal Monitor, Oct 2012; Economist Intelligence Unit, November 2012; ILO calculations.
…heightening global uncertainties
Rising uncertainty and depressed labour markets feed on each other…
Source: ILO calculations based on Manpower Employment Outlook Survey, OECD Economic Outlook and Baker et al. (2012).
…preventing a sustainable recovery from taking hold
Near-term global labour market outlook remains challenging
Source: ILO, Trends Econometric Models, October 2012.
Labour market situation particularly bleak for world’s youth
73.8 million youth unemployed globally in 2012 ― 23 million fewer employed youth in 2012 than in 2007 Globally, youth 3 times as likely as adults to be unemployed ― Spain & Greece: youth unemployment rates in excess of 50% Rising numbers of youth neither in education, employment or training (NEET) Risk from being unemployed or out of the labour market to becoming unemployable
Source: ILO, Trends Econometric Models, October 2012.
Other key global labour market challenges
Labour force participation has fallen dramatically, particularly in advanced economies (39 million dropped out of labour market between 2007 and 2012) ― Employment-to-population


Full Text
Title Fostering employment and growth in Asia
Similar Titles
Material Type Proceedings
Author(English)

Kim, Kee Beom

Author(Korean)

김기범

Publisher

[Seoul]:Intermational Lobour Oraganization

Date 2013-03
Pages 31
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KDI School

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