unemployment

With a potential global trade war in the horizon, Global Economic Monitoring Branch Chief Dawn Holland and Economic Affairs Officer Helena Afonso consider the potential impact of two strands of the trade policy debate on the United States labour market in “Trade Policy and the United States Labour Market”.

Short-term prospects for the world economy continue to strengthen, but more efforts are needed to ensure the gains are widely shared Weak productivity growth and a lack of secure employment are constraining progress in many countries in Africa, Latin America and Western Asia Rising inequality in China and India poses a risk to medium-term growth prospects

Among the many issues touched upon were inequality and the economics of innovation and technology change; fostering broader private sector engagement in sustainable investment; and aligning educational priorities with the changing nature of work.

Declining headline unemployment rates mask deeper labour market challenges in both developed and developing regions High youth unemployment not only bears significant costs for the individual but also damages the social fabric Long term investments in education, fostering entrepreneurship and enhancing social safety nets promote more inclusive labour markets

April 2014 Summary: Global employment remains a challenge ƒUnited States Federal Reserve faces challenges in adjusting its monetary policy Financial markets in emerging economies stabilized The preliminary estimates for employment and unemployment, pre ...

January 2014 Summary: World economy is expected to improve in 2014 Unemployment rates remain a major challenge Downside risks to the baseline scenario persist Global economic growth is projected to increase over the next two years, building on the rece ...

October 2013 Summary: US Fed delays the tapering of the QE programme, providing a temporary relief for emerging markets Chinese economy strengthens Current-account deficits widen in several emerging economies   Contrary to expectations, the United Stat ...

June 2013 Summary: Financial markets upbeat; real economies sluggish Subdued global growth in 2013 and moderate pick-up expected for 2014 Unemployment remains a key policy challenge Short-term risks have diminished but not disappeared; new medium-term  ...

January 2013 Summary: World economic prospects for 2013 only slightly improving Uncertainties and risks looming More proactive and concerted policy actions needed Five years after the eruption of the global financial crisis, the world economy is still ...