ILO calls for additional job creation policies in G20 countriesListen /
The International Labour Organization ( ILO) has called for broader and more inclusive job creation policies to achieve the G20's shared goal of strong, sustainable and balanced growth.
The call comes against the background of structural unemployment still hovering above pre-crisis levels in G20 countries.
According to the ILO-OECD update, unemployment is up in half of G20 countries, and down only marginally in the other half.
It cautions that in the face of even higher unemployment rates among young people, their rate of participation in labour markets is also down, with worrying long-term implications.
Speaking at a press conference to present the statistical update – "Short-term labour market outlooks and key challenges in G20 countries", ILO Director-General Guy Ryder said he was convinced that more could be done. He said "Experience suggests that high employment levels and inclusive growth can be achieved through a well-designed combination of supportive macroeconomic policies and employment, labour market and social protection policies that are designed to spread the benefits of growth".
Ryder noted that five years after the financial crisis, unemployment remains at "unacceptably high levels", with every G20 country facing serious jobs challenges, adding that the IMF has again reduced its global forecast growth for 2013 and 2014.
He said "This means that on the current course we cannot expect significant improvement in the employment situation unless countries undertake more ambitious policies to address the jobs deficit".
Donn Bobb, United Nations.