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From: UNNews <UNNews@un.org>
Date: 17 Jul 2013 11:00:00 -0400
Subject: UN AGENCY CALLS FOR JOB CREATION POLICIES TO TACKLE
UNEMPLOYMENT IN G20 COUNTRIES
To: news11@ny-mail-p-lb-028.ptc.un.org
UN AGENCY CALLS FOR JOB CREATION POLICIES TO TACKLE UNEMPLOYMENT IN
G20 COUNTRIESNew York, Jul 17 2013 11:00AMFive years after the global
financial crisis, unemployment remains at "unacceptably high levels"
in the Group of 20 (G20) leading economies, the United Nations labour
agency said today, calling for new policies to create jobs and
sustainable growth.
"We cannot expect significant improvement in the employment situation
unless countries undertake more ambitious policies to address the jobs
deficit," the Director-General of the International Labour
Organization (ILO), Guy Ryder,
<"http://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_217787/lang--en/index.htm">said
at a press conference in Moscow, Russia.
Mr. Ryder presented the statistical update, "Short-term labour market
outlooks and key challenges in G20 countries," which was prepared by
the ILO and the Organisation for Economic Co-operation and Development
(OECD) for the meeting of G20 Labour and Employment Ministers.
According to the update, unemployment is up in half of the G20
countries, and down only marginally in the other half. Unemployment
rates are significantly higher among young people and their
participation in the labour market has also decreased, which could
have worrying long-term implications. In addition, the update states
that income and earning inequality have been on the rise in many G20
countries.
Against this background, Mr. Ryder stressed the need for measures
aimed at strengthening domestic demand in G20 countries and
rebalancing global aggregate demand.
"Experience suggests that high employment levels and inclusive growth
can be achieved through a well-designed combination of supportive
macroeconomic policies and employment, labour market and social
protection policies that are designed to spread the benefits of
growth," he said.
Successful policies that have already been implemented by some G20
countries include increasing the level of investment in
infrastructure, enhancing the level and coverage of minimum wages,
expanding the coverage of social protection systems, and improving the
availability of credit, among others.
"The G20 gained its legitimacy in 2009 through bold and decisive
collective action," Mr. Ryder said. "We are again at a moment when the
G20 must take bold and decisive action to turn labour markets around.
The world is looking to the G20 to agree on an ambitious and
coordinated policy framework that can stimulate creation of more and
better jobs."
The G20 comprises Argentina, Australia, Brazil, Canada, China, France,
Germany, India, Indonesia, Italy, Japan, the Republic of Korea,
Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United
Kingdom, and the United States, as well as the European Union.Jul 17
2013 11:00AM
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