According to the study, the global economy is showing new signs of weakness pushing unemployment to over 197 million in 2015 and making existing jobs increasingly vulnerable. The outlook is for unemployment to increase by a further 3.4 million over the next two years and for slower progress in reducing vulnerable employment, which could reach 1.5 billion by 2016 leading to a pause in the expansion of the middle class and, in some cases, intensified risk of social unrest stalling efforts to further reduce working poverty and complicating the tasks of increasing growth and meeting demographic challenges.
Policy focus on quantity and quality of jobs and tackling income inequality is paramount.
The World Employment and Social Outlook is the ILO’s flagship report on world of work issues. Exploring the inter-connected nature of macroeconomic policies on the one hand, and employment and social outcomes on the other, it analyses which policy combinations are most effective in delivering high employment and balanced incomes. The publication also provides readers with the most up-to-date global as well as regional labor market and social indicators.
Download the WESO 2016.