Tag Archives: Economic recession

World of Work report 2011

The ILO has just published “World of Work report 2011: Making Markets Work for Jobs.” The study predicts that the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries. On current trends, it …
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Global Employment Trends Report

The ILO’s Employment Trends Team has just launched the report “Global Employment Trends 2010.” The study reveals that unemployment reached its highest level on record in 2009, with the number of jobless worldwide reaching 212 million. Based on IMF forecasts, the ILO estimates that global unemployment is likely to remain high through 2010. In the …
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The New Era of Thrift: Changing Spending Habits in the Face of Recession

(CC) Eowyn_86/Flickr One of the most significant consequences of the current recession has been the evolution of a new cultural mindset: conspicuous consumption has given way to frugality, whereby consumers have begun taking a toned-down approach to everything. Whereas consumers may have spent their way out of previous downturns, the current recession has evoked more …
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Unemployment Soars to Record Levels in Spain

This article from Oxford Analytica examines one of the features setting the recession in Spain apart from those in other countries: the exceptional rise in unemployment to close to 20 percent of the Spanish labor force. In August, Spain had the highest rate of the EU-27, double the EU-average. Much of the increase in unemployment …
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ILO Unemployment Projections

The International Labour Organization (ILO) has revised upward its unemployment projections in its report, Global Employment Trends – Update. New labor market projections for 2009 show a further increase in unemployment, working poor and those in vulnerable employment. The ILO estimates that global unemployment could increase by between 29 million (lowest scenario) and 59 million …
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