ILO is concerned about Europe’s labor markets

The International Labour Organization was founded in 1919 with the aim to combat world poverty and unemployment, contribute to social equity and social justice as well as to promote the improvement of Living and Working Conditions. Once a year, it publishes the World Labour Report.

After the International Labour Organization (ILO), the situation on the labor markets in most countries of the world is alarming. The austerity of governments and labor market reforms have not led to the creation of new jobs, said the agency of the United Nations in its World Employment Report 2012th. At the end of 2011, 196 million people worldwide have been unemployed. At the end of 2012, according to ILO, it will be 202 million. Compared to the pre-crisis levels there are now about 50 million fewer jobs than in 2008.

Of particular concern is the development in Europe. In almost two thirds of the countries, unemployment has risen since 2010. The level of employment will not reach to the pre-crisis level again before the end of 2016. To date, the ILO had expected this to end of 2014.

The focus of many euro countries on the job-saving measures exacerbate crisis is criticized the ILO Director Raymond Torres. The austerity measures could even lead to a new recession in Europe.

Youth unemployment is increasing

The ILO concludes that four years after the onset of the global economic crisis the imbalance gets more structural, and thus always more difficult to overcome, so Long-term unemployed are at risk of losing the connection to the labor market permanently. Those would also hardly get any new jobs, if the economy is recovering basically.

40 percent of the unemployed in the developed countries, aged between 25 and 49 years had been more than a year out of a job. Especially among young adults, the number of unemployed has increased greatly. In four of five developed countries and in two thirds of developing countries, youth unemployment has increased.

Germany is developing against the trend

For Germany, the ILO draws a mixed Bilanz. The German labor market has developed positively. Apart from Luxembourg, Austria, Poland, Israel and Malta, Germany is one of the six of 36 developed countries, where the employment rate has risen since 2007. But the “high proportion of recipients of low wages and non-standard employment, such as mini jobs or temporary jobs” are a big problem. In addition, it claimed that the investments in terms of gross domestic product are still below the pre-crisis levels.

Sources:

http://www.tagesschau.de/wirtschaft/weltarbeitsbericht102.html

http://www.tagesschau.de/multimedia/bilder/arbeitsmarkt446~_mtb-1_pos-5.html#colsStructure

Advertisements

One thought on “ILO is concerned about Europe’s labor markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s