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22/01/2013

Global Employment Trends 2013. Recovering from a second jobs dip

Geneva, International Labour Office, 2013 - ISBN 978-92-2-126656-3 (pdf) - ISSN 2304-2893 (pdf)



The report examines the crisis in labour markets of both advanced economies and developing economies. The epicentre
of the crisis has been the advanced economies, accounting for half of the total increase in unemployment of 28 million since the onset of the crisis. But the pronounced double dip in the advanced economies has had significant spillovers into the labour markets of developing economies as well. A quarter of the increase of 4 million in global unemployment in 2012 has been in the advanced economies, while three quarters has been in other regions, with marked effects in East Asia, South Asia and Sub-Saharan Africa.
The report estimates the quantitative and qualitative indicators of global and regional labour markets and discusses the macroeconomic factors affecting the labour markets in order to explore possible policy responses. In estimating labour market indicators, the report uses four key analytical techniques: 1) an ILO hiring uncertainty index indicating persisting weaknesses; 2) an extension of ILO estimates of the working poor to a full income decomposition of employment to give income classes and their correlation to investment, growth and generation of quality jobs; 3) a breakdown of growth factors which differentiates between within-sector productivity growth, cross-sector productivity growth, and labour inputs, all of which have significant implications for growth patterns in advanced and developing economies; and 4) a Beveridge curve which allows some distinction between cyclical and structural factors affecting the labour market.

author(s): International Labour Office/Employment Trends Team
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