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.
Send Emails to wanabidii@googlegroups.com
Kujiondoa Tuma Email kwenda
wanabidii+unsubscribe@googlegroups.com Utapata Email ya kudhibitisha ukishatuma
Disclaimer:
Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.
---
You received this message because you are subscribed to the Google Groups "Wanabidii" group.
To unsubscribe from this group and stop receiving emails from it, send an email to wanabidii+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/groups/opt_out.
0 Comments