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Global Employment Trends 2014: Risk of a Jobless Recovery?

Global Employment Trends 2014: Risk of a Jobless Recovery?

          
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About the Book

Global Employment Trends 2014 highlights the risks of a jobless recovery. While economic activity is starting to recover in most developed and emerging economies, labor markets have not recovered from previous weaknesses and global unemployment remains at 6 percent--almost 202 million jobseekers. As joblessness persists, more unemployed workers are becoming discouraged and quitting the labor market, further widening the crisis-related jobs gap in comparison to pre-crisis trends. Insufficient private and public consumption as well as low investment prevent faster job creation and a quicker fall in the unemployment rate. Historically low interest rates, especially in advanced economies, have so far triggered a surge in financial rather than in real investment, with little effect on job creation.

This report argues that policymakers need to tackle weak aggregate demand growth through more pro-active policies that help boost private and public consumption. In addition, hiring uncertainty needs to be brought down in order to increase investment and job creation.


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Product Details
  • ISBN-13: 9789221274858
  • Publisher: Intl Labour Organisation
  • Binding: Paperback
  • Height: 305 mm
  • No of Pages: 126
  • Sub Title: Risk of a Jobless Recovery?
  • Width: 216 mm
  • ISBN-10: 9221274853
  • Publisher Date: 16 Oct 2014
  • Depth: 13
  • Language: English
  • Returnable: N
  • Weight: 425 gr


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