Unemployment recovery patchy worldwide: ILO

Labour market remains uncertain across all the sectors.

GN Bureau | November 14, 2010




In its latest report, the International Labour Organisation (ILO) paints a bleak picture of global unemployement rceovery, calling it ‘volatile and uneven.’ The report says, “In 2010, the global economy seems to have entered into a new stage where divergence and volatility in number of labour markets have significantly increased and uncertainty over the stability of recovery remains high.”

The report states that manufacturing and construction sectors were hardest hit while the health sector (2.8 million more jobs in 2010) was able to produce jobs in 2010. “Agriculture has seen a year-on-year total job decline of 1.1 percent over the first quarter,” said the Geneva based organisation in its report authored by Erick J. Zeballos and Stefanie Garry.

The report is based on ‘analysis about the characteristics of the recovery in 13 economic activities and 51 developed and developing countries for which information is available in the first semester of 2010.’

“Countries such as China, India and Brazil developed substantial trade surpluses over the past decades and the size and capacity of their large domestic markets is continuously expanding,” the report noted.

The report also predicted that the labour market will remain uncertain across all the sectors.

Read the report

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