30 Apr 2012

ILO / WORLD OF WORK REPORT 2012

The International Labour Organization’s (ILO) latest report says that despite signs that economic growth has resumed in some regions, the global employment situation is alarming and shows no signs of recovery. ILO

Posted at: April 30, 2012 12:54 pm

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STORY: ILO / WORLD OF WORK REPORT 2012
TRT: 1.07
SOURCE: ILO
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 27 APRIL 2012, GENEVA

SHOTLIST:

FILE – PALAIS DES NATIONS, GENEVA, SWITZERLAND

1. Wide shot, Palais des Nations

27 APRIL 2012, GENEVA, SWITZERLAND

2. Wide shot, briefing
3. Cutaway, journalist reading report
4. SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"The number of countries where unemployment growth is significant is more than two thirds of European countries where unemployment has increased over the past year."
5. Cutaway, journalists
6. SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"If nothing is done the projections from the ILO suggest that unemployment will increase this year by six million people globally and next year by an additional five million people."
7. Cutaway, journalists
8. SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"Austerity has not produced more economic growth. The view was that by reducing budgets, by reducing public investment, public demand there would be more room for increases in private investment and private demand this has not materialized if only because demand overall is weak and in addition enterprises continue to have difficulty, especially small ones, to have access to the credit system."
9. Close up, journalists going through report

STORYLINE:

The global employment situation is alarming, said a new United Nations report released today (30 April), which also warns that recovery is not expected any time soon.

The World of Work Report 2012: Better Jobs for a Better Economy, published by the UN International Labour Organization (ILO), says that around 50 million jobs are still missing compared to the situation that existed before the global economic crisis.

Raymond Torres, ILO's Director of the Institute for Labour Studies said that the number of countries where unemployment growth was significant was more than two thirds of European countries where unemployment had increased over the past year.

The report also warned that the global jobs crisis was likely to get worse due to several factors, including the fact that many governments, especially in advanced eonomies, have shifted their priority to a combination of fiscal austerity and tough labour market reforms.

Torres said that if nothing was done the projections from the ILO suggested that unemployment would increase "this year by six million people globally and next year by an additional five million people".

Another factor leading to a worsening jobs crisis was that many jobseekers in advanced economies were demoralized and were losing skills, something which is affecting their chances of finding a new job. In addition, small companies have limited access to credit, which in turn is depressing investment and preventing employment creation.

Other factors include the fact that, in most advanced economies, many of the new jobs are precarious and there exists the possibility of increased social unrest in many parts of the world. According to the report's Social Unrest Index, 57 out of 106 countries with available information showed a risk of increased social unrest in 2011 compared to 2010. The regions with the largest increases are sub-Saharan Africa and the Middle East and North Africa.

The report argues that if a job-friendly policy-mix of taxation and increased expenditure in public investment and social benefits is put in place, approximately two million jobs could be created over the next year in advanced economies.

Among the other findings of the report is that employment rates have only increased in six of the 36 advanced economies since 2007 – Austria, Germany, Israel, Luxembourg, Malta and Poland – and that youth unemployment rates have increased in about 80 per cent of advanced countries and two-thirds of developing countries.