[Excerpt] The continuing economic and uncertain economic prospects have resulted in a grim global employment situation. Incorporating the most recent data available, this volume provides valuable analysis of the current labour market trends around the world and identifies the factors contributing to the downturn affecting many workers today.
The impact of the global economic slowdown and the developments since 11 September 2001 have been different in the various regions of the world, and this report reveals how women and young people have been especially hard hit, particularly in the developing world. Covering Latin America and the Caribbean, East Asia, South-East Asia, South Asia, the Middle East and North Africa, sub-Saharan Africa, the transition economies and industrialized countries, this volume focuses on the distinct labour market characteristics and challenges faced by each region and economic group.
The report traces the various factors contributing to the global employment decline - such as the increase in employment in the informal economy, the decrease in employment in the informal economy, the decrease in employment in information and communication technology, as well as extensive job losses in the travel and tourism industries and the export and labour-intensive manufacturing sectors. Countries in fragile financial situations and those experiencing armed conflict and violence have also seen rising unemployment and poverty.
Clearly the global employment challenges are many, and the information provides here offers a concise picture of the current situation and where economic growth and decent work opportunities are needed most around the world.