Global Employment Trends 2014

2010

This paper examines the social and economic impacts of the global financial and economic crisis and highlights a global jobs crisis involving widespread job losses, increased unemployment and wage repression in developed countries, and characterized by a growing informal economy, increased vulnerable employment and working poverty in developing countries. It briefly reviews the reach of the crisis across demographic and social groups, showing its varied effects on the employment and income of women and men, its disproportionate effect on youth and the strain it imposed on various vulnerable groups in terms of reduced income. In so doing, this paper highlights the dire consequences that individuals and their families face in both developed and developing economies. It concludes by highlighting some of the major challenges faced in addressing the jobs crisis, and suggests that, besides employment generation and income support, other forms of social protection will be of utmost importance in overcoming the effects of the crisis.

T u e s d a y 1 9 J a n u a ry 2 0 1 6 a t 2 1 :0 0 G M T (2 2 :0 0 C E T )

World of Work Report, 2012

T u e s d a y 1 9 J a n u a ry 2 0 1 6 a t 2 1 :0 0 G M T

2012