Trends International Labour Organization G20 Employment Working - - PowerPoint PPT Presentation

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Trends International Labour Organization G20 Employment Working - - PowerPoint PPT Presentation

Recent Employment Trends International Labour Organization G20 Employment Working Group 1 st meeting, February 2019 I. G20 labour market overview Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2021 are


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Recent Employment Trends

International Labour Organization G20 Employment Working Group 1st meeting, February 2019

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  • I. G20 labour market overview

Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2021 are projections. Age group 15+ years.

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Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2021 are projections. Age group 15+ years.

  • II. Labour force participation rate: Overall

Declining trends continue …

60.4 59.9 59.3 66.8 62.5 60.4 65.1 61.8 60.1 56 58 60 62 64 66 68 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 G20 G20 advanced G20 Emerging

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  • II. Labour force participation rate: Youth and older workers

Opposing trends

Youth (15-24) Old-age (55-64)

Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2021 are projections.

53.8 57.2 59.3 50.5 58.3 65.5 55.5 56.7 57.0 50 55 60 65 70

2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021

G20 G20 advanced G20 Emerging 53.1 44.1 39.1 50.5 45.8 45.5 53.7 43.8 37.6 35 40 45 50 55

2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021

G20 G20 advanced G20 Emerging

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  • II. Labour market participation: Gender gaps

…with different developments in gender gaps between advanced and emerging G20 countries

  • 30%

+7%

Source: ILO Modelled Estimates, November 2018. Age group 15+ years.

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I

  • III. Unemployment: Overall

Unemployment rates converge in G20 countries

Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2020 are projections. Age group 15+ years.

5.2 5.6 4.9 6.7 8.6 5.2 4.8 4.7 4.8 3 4 5 6 7 8 9 10

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

G20 G20 advanced G20 Emerging

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  • III. Unemployment: Youth

Major concerns remain

Unemployment rate NEET

Source: ILO Modelled Estimates, November 2018. Figures for 2018 are preliminary, 2019-2020 are projections. Age group 15-24 years.

5 10 15 20 25 30 35 40 Female Male Female Male Female Male G20 G20 advanced G20 Emerging 2009 2019 11.2 12.6 13.0 13.5 18.0 10.9 10.7 11.5 13.6 10 11 12 13 14 15 16 17 18 19 20 2001 2004 2007 2010 2013 2016 2019 G20 G20 advanced G20 Emerging

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  • IV. Quality of work: Real wage growth

Source: ILO estimates based on official national sources as recorded in the ILO Global Wage Database. Figures for 2018 are preliminary.

0.7

  • 0.9

0.6 1.0

  • 0.3

0.2 0.4 0.4 1.7 0.9 0.4 0.6 9.4 6.8 4.4 6.3 5.7 6.9 6.5 3.8 2.9 4.9 4.3 4.4 3.6 1.8 2.0 3.0 2.1 2.9 3.0 1.9 2.2 2.7 2.1 2.3

  • 2

2 4 6 8 10 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Annual average real wage growth (%) G20 advanced G20 emerging G20

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  • IV. Quality of work: Gender pay gap

No significant improvement

Source: ILO estimates using household and labour force surveys. For all countries we use the two available points in time that allows for a more harmonious comparison; in most countries these are 2010 for the earlier and 2015 or 2016 for the latest year. The exceptions are China (2007 and 2013), Republic of Korea (2009 and 2016) and Russian Federation (2013 and 2015). For the EU all estimates are based on the Structure of Earnings survey and for that the latest year is 2014.

5 10 15 20 25 30

%

Factor weighted mean Gender Pay Gap

around 2010 around 2016

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  • V. Ageing: Median age of the labour force

33.6 34.7 37.3 37.9 32.1 33.6 40.7 40.3 43.0 43.0 39.9 39.5 42.5 41.8 44.0 44.1 41.9 41.3 30.0 35.0 40.0 45.0 Female Male Female Male Female Male G20 G20 advanced G20 Emerging Median age (Years) 1991 2019 2030

Source: ILO Modelled Estimates, November 2018; UN World Population Prospects, 2017.

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  • V. Ageing: impact on GDP per capita growth

Demographic change will lower GDP per capita growth

Source: ILO Modelled Estimates, November 2018; UN World Population Prospects, 2017.

  • 0.6
  • 0.4
  • 0.2

0.2 0.4 0.6 0.8 1 1990-2000 2000-2010 2010-2020 2020-2030 1990-2000 2000-2010 2010-2020 2020-2030 G20 emerging G20 advanced Impact on per capita growth (per cent) Unemployment 65+ dependency 15-64 dependency Child dependency Total