The Global Jobs Pact

Faced with the prospect of a prolonged increase in global unemployment, poverty and inequality and continued distress for enterprises, in June 2009 the International Labor Conference unanimously adopted the "Global Jobs Pact". This global policy instrument addresses the social and employment impact of the international financial and economic crisis. It promotes a productive recovery centered on investments, employment and social protection. The fundamental objective of the Global Jobs Pact is to provide an internationally agreed basis for policy-making designed to reduce the time lag between economic recovery and a recovery with decent work opportunities. It is a call for urgent worldwide action: national, regional and global. The Global Jobs Pact was formally recognized by the UN ECOSOC, European Union and the G20 leaders at their Pittsburg Summit in 2009.