G20 Labour and Employment Ministerial Meeting

G20 labour markets: outlook, key challenges and policy responses

Report prepared for the G20 Labour and Employment Ministerial Meeting (LEEM) by the International Labour Organization (ILO), the Organization for Economic Cooperation and Development (OECD), and the World Bank Group. The LEMM is taking place on 10-11 September 2014.

Despite some recent improvement, slow recovery from the financial crisis means that many G20 economies still face a substantial jobs gap, which will persist until at least 2018 unless growth gains momentum.

With more than 100 million people still unemployed in the G20 economies and 447 million 'working poor' living on less than $2 a day in emerging G20 economies, the weak labour market performance is also threatening economic recovery because it is constraining both consumption and investment.