Published on ILO.org, 60 pages, January 2008.
… This year’s Global Employment Trends are published at an essential point in time for, at least, three reasons:
Reason 1: Globalization and rapidly changing technical progress continues to impact labour markets around the world. Signifi cant challenges accompany these changes, but the changing economic environment also brings with it greater opportunities for individuals striving to improve their way of life. For the fi rst time, probably, turbulences in one economically strong region (namely, the Developed Economies & the EU region and upfront the United States as a result of higher oil prices and the US housing market turmoil) have, so far, not impacted on other regions. Th is can be attributed to the greater economic strength of other regions in the world, as a result of less dependence of any one region on another, as well as greater regional ties and, thereby, more independence. However, risks for the global economy in 2008 have to be carefully watched. A severe global slowdown is not expected, but the important question is how labour markets worldwide will react towards even slightly slower growth or possibly growing uncertainty.
Reason 2: … (full long text /60 pages).