WORLD OF WORK REPORT 2010: ILO SAYS LONG “LABOUR MARKET RECESSION” WORSENS SOCIAL OUTLOOK IN MANY COUNTRIES

 

GENEVA (ILO News), 30.09.2010 – A new report by the research arm of the International Labour Organization (ILO) says a long “labour market recession” is worsening the social outlook in many countries.

The new study entitled “World of Work Report 2010 – from one crisis to the next?” acknowledges that three years into the crisis, the global economy has resumed growing, with some countries witnessing encouraging signs of employment recovery – significantly in emerging economies in Asia and Latin America.

However, the report by the ILO’s International Institute for Labour Studies also warns that “despite these significant gains ... new clouds have emerged on the employment horizon and the prospects have worsened significantly in many countries”.