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G20 labour markets: outlook, key challenges and policy responses Presentation by ILO Director General Guy Ryder Labour and Employment Ministerial Meeting.

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Presentation on theme: "G20 labour markets: outlook, key challenges and policy responses Presentation by ILO Director General Guy Ryder Labour and Employment Ministerial Meeting."— Presentation transcript:

1 G20 labour markets: outlook, key challenges and policy responses Presentation by ILO Director General Guy Ryder Labour and Employment Ministerial Meeting 10-11 September 2014

2 Aspiration and Reality Jobs gaps in G20 compared to pre-2007 Trend www.ilo.org Advanced G20 countries

3 www.ilo.org Emerging and developing G20 countries Jobs gaps in G20 compared to pre-2007 Trend

4 “Jobless growth” www.ilo.org Real GDP and total employment growth since the onset of the crisis, 2008-2013 *: Selected urban areas

5 Long-term unemployment has grown in many countries www.ilo.org Percentage of unemployed without work for one year or more Q4 2007-Q1 2014 *Selected urban areas. Q3 2007-Q3 2013 for the Russian Federation; and Q1 2008-Q1 2014 for South Africa

6 Informal employment is high in emerging economies. www.ilo.org Informal non-agricultural employment (per cent), by gender 1. Corresponds only to persons employed in the informal sector. 2. Six cities only.

7 Weak economic recovery has led to weak wage growth, especially in advanced economies www.ilo.org Trends in real average wages, 2006-2013 (year-to-year change, %)

8 The share of GDP going to labour continues to decline in almost all G20 countries www.ilo.org Advanced economies 1970 – 2013 Emerging market and developing economies 1995 - 2012

9 Labour productivity has grown faster than wages, especially in advanced G20 www.ilo.org Productivity and wage index G20 advanced economies

10 Some good news: working poverty has continued to decline in the emerging G20 www.ilo.org Aggregate employment by economic group in emerging G20 (millions), 1991-2013

11 Income-led growth strategies (I): Labour income www.ilo.org Minimum relative to average wage in 2012 (percentage) Change in minimum relative to average wage in 2007-12 (percentage point change) Note: (2007-)2010 for Argentina, China, India and Indonesia, and (2007-)2011 for Brazil, the Russian Federation and South Africa.

12 Income-led strategies (II): Social protection www.ilo.org Emerging G20 countries Other G20 countries Social protection expenditure (% of GDP) Real social protection expenditure (index 100 = 2007) Real GDP (index 100 = 2007) Real household final consumption expenditure (index 100 = 2007)

13 But support for active labour market programmes has declined in advanced G20 www.ilo.org ALMP expenditure and income support expenditure Percentage change in real spending on income support and ALMPs per unemployed person, 2007-11

14 G20 labour markets: outlook, key challenges and policy responses Presentation by ILO Director General Guy Ryder Labour and Employment Ministerial Meeting 10-11 September 2014


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