USA Africa Dialogue Series - World of Work Report 2013

Five years after the global financial crisis, the global employment situation remains uneven, with emerging and developing economies recovering much faster than the majority of advanced economies. Employment rates (the proportion of people of working age who have a job) exceed pre-crisis levels in 30 per cent of the countries analysed. In 37 per cent of the countries, employment rates have increased in recent years, but not enough to return to the pre-crisis situation, while in the remaining 33 per cent of countries, employment rates have continued to decline. Based on current trends, employment rates across emerging and developing economies will return to pre-crisis levels in 2015; while employment rates in advanced economies will only return to the pre-crisis situation after 2017.

In addition, many workers have become discouraged and are no longer actively looking for a job. Labour force participation rates decreased between 2007 and 2012 in more than half of the countries analysed. In those countries where labour force participation rates declined by a full percentage point or more, on average around one-quarter of the decline was due to cyclical effects and the remaining three-quarters to structural changes in the population.

These trends have fuelled social tensions in advanced economies and some developing countries, notably in southern Europe, South Asia and the Arab region. The risk of unrest has receded in Latin America, Sub-Saharan Africa and parts of Asia.

Link:http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_214476.pdf

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