ILO

Labour Markets in 2022 – ILO downgrades its forecasts (+video)

The International Labour Organization (ILO) has downgraded its forecast for labour market recovery in 2022, projecting a deficit in hours worked globally equivalent to 52 million full-time jobs, relative to the fourth quarter of 2019. The previous full-year estimate in May 2021 projected a deficit of 26 million full-time equivalent jobs. While this latest projection … Continue reading →

COVID Impacts on Global Labour Income – estimated to have declined by 10.7 per cent, or US$ 3.5 trillion, in the first three quarters of 2020

The devastating losses in working hours caused by the COVID-19 pandemic have brought a “massive” drop in labour income for workers around the world, says the International Labour Organization (ILO) in its latest assessment of the effects of the pandemic on the world of work. Global labour income is estimated to have declined by 10.7 … Continue reading →

COVID and Jobs around the World – Expected to wipe out 6.7 per cent of working hours equivalent to 195 million full-time workers in Q2 2020 ILO says

The COVID-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers. Large reductions are foreseen in the Arab States (8.1 per cent, equivalent to 5 million full-time workers), Europe (7.8 per cent, or 12 million full-time workers) and Asia … Continue reading →

COVID Global Impact on Jobs – Equivalent to 195 million full-time workers estimates ILO

X Since the first ILO Monitor, the COVID-19 pandemic has further accelerated in terms of intensity and expanded its global reach. Full or partial lockdown measures are now affecting almost 2.7 billion workers, representing around 81 per cent of the world’s workforce. X In the current situation, businesses across a range of economic sectors are … Continue reading →

COVID-19 – Almost 25 million jobs could be lost worldwide as a result of COVID-19, says ILO

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO). However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be … Continue reading →

ILO’s Report on World Employment and Social Outlook – Over 630 million workers worldwide still live in extreme or moderate poverty

The enormous challenges in the world of work – including persistent inequalities and exclusion – make it more vital than ever to establish a clear picture of global employment and social trends. This requires critical reflection on the adequacy of our methods and concepts, with innovations where needed, to address today’s policy challenges. We need … Continue reading →

Global Labor Market – Unemployment projected to rise in the next two years says ILO

A lack of decent work combined with rising unemployment and persisting inequality is making it increasingly difficult for people to build better lives through their work, according to the latest edition of the ILO’s global report on employment and social trends. Chosen excerpts by Job Market Monitor. Read the whole story @ Flagship report: World Employment and … Continue reading →

Future of Work – The ILO’s Centenary Global Tour

ILO Director-General Guy Ryder shared his vision of the future of work, at an event at the Graduate Institute, Geneva – part of the ILO’s 24-hour Centenary Global Tour.

The International Labour Organization (ILO) is 100 years old

ILO Director-General Guy Ryder marks the start of the ILO’s second century of service to the world of work by recalling its first 100 years and pointing to the challenges that face us all in shaping the future of work we want. Chosen excerpts by Job Market Monitor. Read the whole story at ILO100: The ILO Centenary … Continue reading →

Global Wage Report 2018/19 – The lowest wage growth globally in 2017 since 2008

Global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008, remaining far below the levels obtaining before the global nancial crisis. Global wage growth in real terms (that is, adjusted for price in a- tion) has declined from 2.4 per cent in 2016 to … Continue reading →

Greening With Jobs – Action to limit global warming to 2 degrees Celsius will result in sufficient job creation to more than offset job losses of 6 million elsewhere

According to the ILO report “World Employment and Social Outlook 2018: Greening with Jobs”, action to limit global warming to 2 degrees Celsius will result in sufficient job creation to more than offset job losses of 6 million elsewhere. Chosen excerpts by Job Market Monitor. Read the whole story at World Employment and Social Outlook: Greening with … Continue reading →

Fair Recruitment of Migrant Labour – ILO’s guidelines (video)

To tackle abusive and fraudulent recruitment practices, the ILO has developed general principles and operational guidelines for fair recruitment of migrant labour. This video shows guidelines that can be helpful specifically to governments in the recruitment process. Chosen excerpts by Job Market Monitor.

Global Aging Workforce – It will add further pressure to future labour market challenges

As a result of rising life expectancy and declining birth rates, global population growth has considerably decelerated and this trajectory is expected to continue over the next few decades. One immediate implication of this slowdown is that growth of the global labour force will not be suf cient to compen- sate for the rapidly expanding … Continue reading →

Transition to Sustainability and Jobs – Four quantitative employment effects

The commitments made in Paris require a closer look at the quantitative and qualitative jobs dimension of the just transition to sustainability. In schematic terms, it is possible to anticipate four quantitative employment effects. Firstly, and most positively, policies to promote greener products, services and infrastructures will translate directly into higher demand for labour in … Continue reading →

Fair Recruitment – ILO’s general principles (video)