The global situation on labour market

In the fifth year after the outbreak of the global financial crisis, global growth has decelerated and the effect is still continuing. Unemployment has started to increase again.  According to The United Nations,  the number of unemployed in the world reached 197 million in 2012 and was expected to increase further. According to the report, this year unemployment will rise to 5.1 million.

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Sources:

http://www.ilo.org/wcmsp5/groups/public/—dgreports/—dcomm/—publ/documents/publication/wcms_171681.pdf

If the economic and labor market trends continue in this way, there is a big risk. The ILO projects 400 million new entrants into labour markets over the next ten years . 400 million new jobs will be needed simply for prevent a further increase in global unemployment.

International Labour Organization, about 39 million people in the labor market is predicted taken. General Director Guy Ryder of ILO   has stated that uncertain economic situations and policies are insufficient to prevent it. In this instance have resulted in lost into investment and low demand for employment force.

According to ILO report at the beginning of the world is most affected by unemployment are young people. About 13 percent of those under the age of 24 is unemployed. The lowest unemployment rate among young people in Germany, Austria and Switzerland.

Sources:

http://www.bbc.co.uk/turkce/haberler/2013/01/130122_un_turkey_unemployment.shtml

http://www.bbc.co.uk/news/business-16695096

Written by Latife Cansu Bayar, Eyüp Dönderalp, Lucija Kacin and Lenka Filova

9 thoughts on “The global situation on labour market

  1. It seems to me that the problem of rising unemployment in the world is that nowadays
    everything is automated. Many people lost their jobs because they have been replaced by
    robots whose need is one person to handle. It is becoming more common. For all you need is to create new jobs for people who have lost it.

    Reply
  2. The unemployment rate in the euro area is currently at the highest level and unemployment performance at unprecedented levels so some arrangements should be put into practise.Otherwise it will become unmanageable.

    Reply
  3. As long as the global financial crisis, employment is still high. Problem is that the financial markets of all countries are interconnected and it’s like a vicious circle. It is difficult to predict when this situation will end. It’s very sad. People should be happy to have a job and live. Now they have only to worry about how to survive.

    Reply
  4. In 2010 the world counted 2.9 billion workers, with the emerging world responsible for most of the increase: it added 900m new non-farm workers, of which 400m live in China and India alone. In rich countries, competition from millions of new, low-skilled workers has acted as a drag on wages for less-skilled ones in advanced economies. At the same time, rich-world firms have invested heavily in new technology, raising demand for skilled workers faster than schools could increase supply. In combination, these two trends raised inequality in developed countries and strengthened the hand of capital relative to labour. Workers’ share of overall income fell 7 percentage points between 1980 and 2010.

    -Kelly, Lauren, Becky.

    Reply
  5. In the year 2012 one in three workers in the labour force is currently either unemployed or poor. That is, out of a global labour force of 3.3 billion,
    200 million are unemployed and a further 900 million are living with their families below
    the US$2 a day poverty line. The main problem is, that the hole economy is connected. Everything is depending on something other. Sometimes it is not a problem, but sometimes there are some disadvantages.

    Reply
  6. Unemployment is a very seriously problem because can cause a feeling of depression among people: who have lost their jobs often feel depressed and do not feel like searching for a new job. They do not attempt to find another job any longer and many of them ( especially people at 50’s) became homeless,alcoholics, or in the worst case they come to suicide.

    Reply
  7. In Swizterland the young unemployment is lower than others countries because companies come directly at the end of the studies to meet and to offer jobs to students. I think it’s a good system and others countries should follow this model. With it, they have a new employee who knows the last things about the system and they can pay him less than an other.

    Reply
  8. Croatia’s unemployment rate is continuing to rise, despite programmes enacted by the government. For example, the situation is particularly difficult in the construction business. Construction workers have received 5,000 layoffs only in the first six months of this year. Thousands of empty flats are evidence that the standard of living has fallen dramatically. Croatia will join EU in July this year and it is obvious that workers will certainly look for a job in western countries.

    Reply
  9. This crisis is lasting for a wile now and there is no quick decision which will restore all the jobs that are lost. I believe that bigger investment and job restructuration is needed in longer period of time in order to prevent unemployment rate to grow, especially youth unemployment which is the part of unemployment mostly under attack.

    Reply

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