Global Employment Trends 2014: The risk of a jobless recovery

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    Global Employment Trends 2014: Risk of a jobless recovery?

    The study offers the latest global and regional information and projections on several indicators of the labour market, including employment, unemployment, working poverty and vulnerable employment.

Key findings

  1. © Ben Stansall / AFP

    Weak economic recovery does not extend to jobs

    Press release

    The weak global economic recovery has failed to lead to an improvement in global labour markets, with global unemployment in 2013 reaching almost 202 million.

Jobs situation still going in the wrong direction

  1. BBC World Business Report

  • Some 375 million workers lived with their families on less than $1.25 a day in 2013.

  • Around 839 million workers lived with their families on less than US$2 in 2013.

  • Some 74.5 million people in the 15 to 24 age group were unemployed in 2013, a 13.1 per cent youth unemployment rate.

  • The number of jobseekers is expected to rise by more than 13 million by 2018.

  • Some 23 million workers have dropped out of the labour market.

  • The number of unemployed worldwide rose by 5 million in 2013 to over 202 million, a 6 per cent unemployment rate.

  • In Sub-Saharan Africa, paid employment opportunities are scarce and the vulnerable employment rate, at 77.4 per cent in 2013, remained the highest of all regions.

  • In the Middle East and North Africa, the economic growth rate in 2013 proved too low to generate sufficient employment opportunities for a fast growing population, and unemployment remained the highest in the world.

  • In South Asia, labour markets continued to suffer from high rates of informal/agricultural employment where jobs are poorly paid and unprotected.

  • In South-East Asia and the Pacific, employment expanded by 1.6 per cent in 2013 and is projected to outpace growth in the working age population in the coming years.

  • In East Asia, employment growth remained weak, consistent with weak labour force growth.

  • In Latin America and the Caribbean, employment growth continued to outpace labour force expansion.

  • In Central and South-Eastern Europe (non-EU) and CIS countries, the fall in unemployment recorded since the crisis peak of 2009 was reversed in 2013.

  • In the Developed Economies and the European Union, labour market conditions showed no signs of improvement during 2013.