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Stuart Bell

Global Employment Trends for Women 2012: Labour market gender gap: Two steps forward, o... - 0 views

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    "Women face higher unemployment rates than men globally, with no improvements likely in the coming years, according to an ILO report. The ILO's Global Employment Trends for Women 2012 looks at the gender gap in unemployment, employment, labour force participation, vulnerability, and segregation in jobs and economic sectors. Globally, the gap in unemployment and employment-to-population ratios was moving towards convergence before the crisis. The crisis reversed this trend in the hardest-hit regions. In the advanced countries, the crisis seems to have affected men in trade- dependent sectors more than women in health and education. In developing countries, women were strongly hit in trade-related sectors."
Kirsten Newitt

New ILO report: Global unemployment rising again - 0 views

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    ILO's report on Global Employment Trends 2013.
Kirsten Newitt

Jobs as a Scorecard: Latest trends in global labour markets - World Bank - 0 views

  • According to the latest edition of JobTrends—a quarterly series monitoring labor markets in a sample of emerging economies—employment growth maintained its gradual ascent in the first quarter of 2012. In the countries surveyed, continued economic growth helped employment reach a growth rate of 2.9 percent in that period.
  • Keeping with the overall trend, labor markets in Europe and Central Asia continued then their steady recovery, with striking declines in unemployment in Lithuania, Moldova, Romania, and the Russian Federation. Similarly, selected labor markets in Latin America also improved, amid a slowdown in economic growth. In the four East Asian countries included in the report, employment and wage growth improved, with China’s employment growth jumping to 9.9 percent.
  • At the same time, however, the median unemployment rate increased slightly in the sample from 5.8 to 6.2 percent, signaling that some economies may have then started to have difficulties maintaining a high pace of job creation, as they were continuing to feel the effects of the financial crisis in advanced economies.
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  • The World Bank now projects that developing country growth as a whole will slow to 5.3 percent in 2012, with GDP growth in high-income and Euro Area countries trailing far behind at 1.4 and -0.3 percent respectively
  • Despite this somewhat gloomy prognosis for the near future, emerging and other developing countries still have a great potential to “switch over”, and in the mid-term, consolidate their position as the new engines of global economic growth.
Kirsten Newitt

China Job Needs Show Why GDP Slowdown May Be Tolerated - 0 views

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    Despite growth estimates going down for China (now at 7.4% in Q3/2012), the labour market is still tight and wages are still rising. Growth figures below 8% were previously considered cause for concern, but this article suggests that demographic trends (i.e. impact of the one child policy) are lessening the pressure on the government for job creation. There simply are not as many workers joining the workforce.While the latest slowdown has led to some temporary job cuts, these have not been near the figures reached in 2008-9. All of these factors suggest that further large-scale stimulus measures in China are unlikely.
Kirsten Newitt

The Promise and Peril of Post-MFA Apparel Production - 0 views

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    World Bank note (May 2012) on wage and poverty alleviation trends linked to the garment sector. "A radical shift in apparel production between countries over the last few years has had mixed results in wages and poverty reduction across the developing world. This is particularly true since the end of the Multi-Fibre Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) in 2005, which abolished export and import quotas. While most people predicted that China would gain, because of low wages, and all others would lose, many other Asian apparel exporters in fact benefited, such as Bangladesh, India, Vietnam and Pakistan. And not just because of low wages -salaries tended to increase in most exporting countries-but because of domestic policies supporting the textile industry. On the other hand, countries like Honduras, Mexico, Morocco and Sri Lanka experienced falling apparel employment, something that would appear to be bad news as jobs for women and workers most likely to be closest to poverty, were lost. But Mexico's experience suggests that shifting out of apparel may not be necessarily negative news when the country is moving up the value chain into more advanced manufacturing. In fact, this would be a sign of economic development as long as the shift into higher-value goods and services is possible. What matters is for countries to have policies that focus on improving competitiveness in the long-run, but also workforce programs to help workers make the transition. Increasing apparel exports is a good thing for poverty reduction in developing countries but moving up the ladder is an inevitable step in the quest for prosperity. Let's allow the textile industry to keep moving across borders and to help countries lift themselves out of poverty."
Kirsten Newitt

Wages in developed world slump for second time since banking crisis | Global developmen... - 0 views

  • Wages in the developed world have fallen in real terms for the second time since the banking crisis, continuing the long-term trend of workers being made to cope on a smaller share of national income.Steep falls in pay packets in eastern Europe and a wage freeze across the richest western countries, including the UK, sent monthly salaries into reverse in 2011 after taking inflation into account, said the International Labour Organisation.
Kirsten Newitt

World of Work Report 2011- ILO says world heading for a new and deeper jobs recession, ... - 2 views

  • In a grim analysis issued on the eve of the G20 leaders summit, the International Labour Organization (ILO) says the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries.
  • The new “World of Work Report 2011: Making markets work for jobs” says a stalled global economic recovery has begun to dramatically affect labour markets. On current trends, it will take at least five years to return employment in advanced economies to pre-crisis levels, one year later than projected in last year’s report.
  • The report also features a new “social unrest” index that shows levels of discontent over the lack of jobs and anger over perceptions that the burden of the crisis is not being shared fairly. It notes that in over 45 of the 119 countries examined, the risk of social unrest is rising.
Kirsten Newitt

McKinsey report on global labour market trends - June 2012 - 0 views

  • Over the past three decades, as developing economies industrialized and began to compete in world markets, a global labor market started taking shape. As more than one billion people entered the labor force, a massive movement from “farm to factory” sharply accelerated growth of productivity and per capita GDP in China and other traditionally rural nations, helping to bring hundreds of millions of people out of poverty. To raise productivity, developed economies invested in labor-saving technologies and tapped global sources of low-cost labor.
  • Today, the strains on this market are becoming increasingly apparent. In advanced economies, demand for high-skill labor is now growing faster than supply, while demand for low-skill labor remains weak. Labor’s overall share of income, or the share of national income that goes to worker compensation, has fallen, and income inequality is growing as lower-skill workers—including 75 million young people—experience unemployment, underemployment, and stagnating wages.
Stuart Bell

New ILO global report on child labour trends - 0 views

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    "In contrast to the results reported in the 2010 Global Report... the newest estimates show that real advances have been made in the fight against child labour, particularly over the last four years. This means governments, workers and employers organisations, and civil society are on the right track and moving in the right direction. The investment, experience and attention paid to the elimination of child labour, with priority given to its worst forms, are clearly paying off. However good this news is, it has to be accompanied with an immediate reminder that success in this field can only be relative. As the assessment of the previous Global Report underlined, the progress is still too slow and its pace needs to pick up if the world community is going to come anywhere near to meeting the 2016 goal which it aims to achieve"
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