asia-pacific-labour-market-update-ilo-regional-office-for-asia-and-the-pacific-february-2015

This issue of the Asia-Pacific labour market update provides information on trends in employment, job quality and income inequality. The uncertain global economy and demographic transitions are challenging labour markets in Asia and the Pacific. The economic slowdown in China and India, coupled with continued sluggishness in the Eurozone, are weighing on the region’s labour market prospects. Employment growth in most economies has decelerated and, for the region’s young jobseekers, finding decent work remains a particular challenge. Progress towards improving working conditions has been mixed, and the persistence of poor quality jobs remains an obstacle to achieving the 2015 Millennium Development Goal on poverty reduction. Income inequality, already high, has been rising in many parts of the region, an alarming trend that could undermine economic and social progress.