From: Yona Maro

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.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 examining the impact of macroeconomic developments on labour markets, the report looks at negative feedback loops from households, firms, capital markets and public budgets that have weakened labour markets. It finds that macro imbalances have been passed on to the labour market to a significant degree. Weakened by faltering aggregate demand, the labour market has been further hit by fiscal austerity programmes in a number of countries, which often involved direct cutbacks in employment and wages, directly impacting labour markets.

Link:
http://www.ilo.org/wcmsp5/groups/public/—dgreports/—dcomm/—publ/documents/publication/wcms_202326.pdf
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www.wejobs.blogspot.com Jobs in Africa
www.jobsunited.blogspot.com International Job Opportunities
www.naombakazi.blogspot.com

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Jobs in Africa – www.wejobs.blogspot.com
International Jobs – www.jobsunited.blogspot.com