Global Agenda Council on Employment 2012-2014
The world faces a serious jobs crisis. Unemployment is set to rise in 2013 in a number of countries and more than 200 million people will be without work. More than two in five of the jobless are under the age of 24. In the EU, more than one in five people in this age range cannot find a job. Increasing numbers of workers around the world are being forced into short-term contracts or the informal economy. Globally, the creation of productive jobs that enable poverty to be reduced in emerging and developing countries is insufficient to keep pace with the growth of the working-age population and rural-urban migration. In advanced countries, job destruction outpaces new job openings, leading to rising unemployment and falling employment participation rates.
What the Council is doing about it
High and persistent unemployment and under-employment, and uncertainty about the immediate future are depressing consumption and investment, weakening growth prospects and the ability to address the fiscal and other imbalances brought about by the economic crisis. Working in collaboration with the Global Agenda Councils on Youth Unemployment and on Education & Skills, the Council identified the need to break this vicious circle by proposing a holistic action plan for job creation through a series of measures, ranging from introducing labour market reforms and active labour market programmes to scaling up apprenticeship and training schemes.
To define and attract commitment to this plan, the Council published a set of recommendations for the public and private sectors that built on previous work of the Council and the B20 Task Force. These recommendations were released and presented at the Annual Meeting 2013 in Davos in a series of sessions to galvanize support and influence the global economic agenda. As a result of this and parallel efforts, the goal of job creation has been included in the G20 agenda under the Russian presidency. A set of blogs published by different Council Members in January helped to create momentum and raise awareness of the severity of the jobs crisis and the need for action.
“Unemployment is set to rise in 2013 in a number of countries and more than 200 million people will be without work.”
Going forward, the Council will focus on better understanding the nature of the skills mismatch and on providing a set of recommendations, to be presented at the Annual Meeting 2014, to improve the match between available and needed skills and current and future jobs. As new data become available through the efforts of both the Organisation for Economic Co-operation and Development’s Programme for the International Assessment of Adult Competencies and the European Centre for the Development of Vocational Training, new insights on dealing with the nature of the skills mismatch, providing education and training, and designing jobs within companies will be possible.
To get involved please contact
Research Analyst: Marc Caverzasio, Global Agenda Councils, firstname.lastname@example.org
Council Manager: Beñat Bilbao, Associate Director and Senior Economist, Global Benchmarking Network, email@example.com
Forum Lead: Jennifer Blanke, Lead Economist, Senior Director, Head of the Global Competitive Network, firstname.lastname@example.org