Report

Long-term unemployment is increasing around the world says ILO

Unemployment spells for workers are becoming longer in some countries compared to the pre-crisis situation in 2008, according to the new edition of the ILO Key Indicators of the Labour Market (KILM).

“Headlines on a recent decline in unemployment rates hide the bitter reality that many jobless workers are finding it increasingly difficult to get into a new job within a reasonable period of time of 6 months or less,” says Ekkehard Ernst, chief of the ILO Employment Trends Unit.

Where do job seekers have more chances to find a job within a year

For example, in Spain, the United Kingdom, the United States, Serbia and Bulgaria, long-term unemployment has increased by 40 per cent or more in comparison to 2008.

The latest edition of KILM – an online reference tool offering data and analysis on the world’s labour market – includes information about the dynamics of job losses and job creation in 70 developed and emerging economies.

Skills mismatches are widespread

Countries at all development levels find that adequate education and skills make the difference between inclusive growth and growth that leaves large segments of society behind.

The report shows that the level of skills mismatch (the skills that workers have compared to what the market needs) in developing economies stood at an average of 17.1 per cent in 2012. During most of the past decade it was well below this level, particularly in advanced economies.

The average incidence of over-qualification in developed economies was 10.1 per cent in 2010, up from 8.5 per cent in 2008, and particularly affected migrants, younger workers and persons with disabilities. Under-qualification in developed economies averaged 28.1 per cent in 2010 compared to 31 per cent in 2008.

The report also shows that the incidence of over-education tends to increase over time. This is partly due to rising levels of educational attainment. In times of economic crises, when employment opportunities are scarce and unemployment rates are high, over-education tends to accelerate.

In addition to employment, KILM data also includes information and analysis on wages, labour productivity, working poverty and other labour market issues.

Chosen excerpts by Job Market Monitor. Read the whole story at 

ILO

via Key Indicators of the Labour Market (KILM) 2013: Long-term unemployment, the new challenge for many countries.

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