Concrete challenges include formalizing informality, increasing social security coverage and incorporating the most vulnerable persons in the labour market. What is the magnitude of this challenge? It will be necessary to create at least 43.5 million new jobs over the next decade to consolidate the low unemployment rate achieved in the region in recent years and to prevent it from rising above 7%. To reduce informality from 47.7% to 42.8% over the next decade will require an average growth of at least 3.4%. Moreover, 84% of new jobs will have to be formal. The ILO’s 2013 Labour Overview is a call to attention on the need to intensify efforts for improving the quality of employment in Latin America and the Caribbean.