The ILO has just published the “World Employment and Social Outlook – Trends 2015.” Formerly entitled “Global Employment Trends”, the report includes a forecast of global unemployment levels and explains the factors behind this trend including continuing inequality and falling wage shares.
It looks at the drivers of the rising middle class in the developing world as well as the risk of social unrest, especially in areas of elevated youth unemployment.
The report addresses structural factors shaping the world of work, including an aging population and shifts in the skills sought by employers.
According to the report the global employment gap caused by the crisis continued to widen. The employment situation is improving in some advanced economies, while remaining difficult in much of Europe and is deteriorating in emerging and developing economies.
Income inequalities have widened, delaying global economic and job recovery. The employment and social outlook can be boosted.
Download the World Employment and Social Outlook Trends 2015 here.