Wednesday, November 02, 2011


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


International Institute for Labour Studies (IILS) at the ILO


World of Work Report 2011: Making markets work for jobs [31 October 2011]

[full-text, 159 pages]


Executive Summary





This publication presents world labour market projections for the next two years, assesses risks of social unrest and discusses policies to boost real investment and avoid double-dip in employment.


Press Release 31 October 2011

World of Work Report 2011

ILO says world heading for a new and deeper jobs recession, warns of more social unrest


GENEVA (ILO News) – In a grim analysis issued on the eve of the G20 leaders summit, the

International Labour Organization (ILO) says the global economy is on the verge of a new and deeper

jobs recession that will further delay the global economic recovery and may ignite more social unrest

in scores of countries.


“We have reached the moment of truth. We have a brief window of opportunity to avoid a

major double-dip in employment,” said Raymond Torres, Director of the ILO International Institute

for Labour Studies that issued the report. 


The new “World of Work Report 2011: Making markets work for jobs”says a stalled global

economic recovery has begun to dramatically affect labour markets. On current trends, it will take at

least five years to return employment in advanced economies to pre-crisis levels, one year later than

projected in last year’s report.


Noting that the current labour market is already within the confines of the usual six-month lag

between an economic slowdown and its impact on employment, the report indicates that 80 million

jobs need to be created over the next two years to return to pre-crisis employment rates. However, the

recent slowdown in growth suggests that the world economy is likely to create only half of the jobs



The report also features a new “social unrest” index that shows levels of discontent over the

lack of jobs and anger over perceptions that the burden of the crisis is not being shared fairly. It notes

that in over 45 of the 119 countries examined, the risk of social unrest is rising. This is especially the

case in advanced economies, notably the EU, the Arab region and to a lesser extent Asia. By contrast,

there is a stagnant or lower risk of social unrest in Sub-Saharan Africa and Latin America.  




This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       



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