G20 labour markets: outlook, key challenges and policy responses
In the face of below trend growth and large jobs gaps, G20 Leaders have called for each G20 country to develop growth strategies and employment action plans. This paper reviews the latest trends in the labour market and highlights policies adopted by G20 countries to support growth.
Persistent slow growth will continue to dampen employment prospects, while the employment intensity of growth has also been weakened in many countries. Despite some small improvement recently, the jobs gap is projected to remain substantial in several G20 economies until at least 2018.