Global Employment Trends - 2013

The report estimates the quantitative and qualitative indicators of global and regional labour markets and discusses the macroeconomic factors affecting the labour markets in order to explore possible policy responses. In estimating labour market indicators, the report uses four key analytical techniques: 1) an ILO hiring uncertainty index indicating persisting weaknesses; 2) an extension of ILO estimates of the working poor to a full income decomposition of employment to give income classes and their correlation to investment, growth and generation of quality jobs; 3) a breakdown of growth factors which differentiates between within-sector productivity growth, cross-sector productivity growth, and labour inputs, all of which have significant implications for growth patterns in advanced and developing economies; and 4) a Beveridge curve which allows some distinction between cyclical and structural factors affecting the labour market.