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Key Indicators of the Labour Market 5th Edition. Lawrence Jeff Johnson Chief, Employment Trends International Labour Organisation Geneva, Switzerland. Global Unemployment, 2006. Unemployment Rates: by Region, 2006. Global Employment by Sector. Starting Point.
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Key Indicators of the Labour Market 5th Edition Lawrence Jeff Johnson Chief, Employment TrendsInternational Labour Organisation Geneva, Switzerland
Starting Point • The promotion of decent and productivework should be the central aim of economic development • In today’s world of widening inequality, differences in productivity emerge as an important policy factor towards creating the conditions for decent work and poverty reduction.
Report of the Secretary-General on the work of the Organization World leaders further agreed to several important targets at the 2005 World Summit. They recommending the incorporation of these commitments into the set of targets used to follow up on the Millennium Declaration. This includes: a new target under … MDG 1: to make the goals of full and productive employment and decent work for all, including for women and young people, a central objective of our relevant national and international policies and our national development strategies; …..
Indicators for Target 1b • Employment-to-population ratios for persons aged 15+ and youth (15-24) by sex • Vulnerable employment • The share of working poor (US$1 a day) in total employment • Labour productivity
New Target 1bis has 3 specific dimensions: • Full Employment • Productive Employment • Decent Employment No Single Labour Market Indicator exists today that would address all three dimensions of the target or meet the specified requirements
US$1 working poverty around the world(global estimate 507 million in 2006) Source: ILO, Working Moor Model 2006
430 million new entrants into the global labour force (2005-2015)
Change in working poverty and levels of labour productivity, selected economies, 1996-2006
Change in working poverty and vulnerable employment, selected economies, 1996-2006
Virtuous Spiral Increased Demand & Well-Being Increased Technological Change Sustainable & Expanding Growth Poverty Alleviation Increased Demand, Increased Output Decent Work & Employment Growth IncreasedReal Earnings & Social Benefits Technological Improvements Productivity & Output Growth Increased Investments & Demand Poverty Alleviation Increased Well-Being & Diminished Inequality Increased Real Wages Increased Earnings Increased Productivity
Which Regions will Reach The Goal of Full, Decent and Productive Employment?
Key Indicators of the Labour Market 5th Edition Lawrence Jeff Johnson Chief, Employment TrendsInternational Labour Organisation Geneva, Switzerland