Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Human Wrongs Watch
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Unemployment Could Fall to 6.0% in Latin America and the Caribbean Despite Limited Job Creation

Tuesday, October 21, 2014 0:32

% of readers think this story is Fact. Add your two cents.

Human Wrongs Watch

Santiago, 15 October 2014 (ILO)* — The unfavorable evolution of the economy in Latin America and the Caribbean during the second half of 2014 will not prevent regional urban unemployment from decreasing slightly this year to 6.0% or 6.1%, from the 6.2% recorded in 2013, according to ECLAC and ILO.

Source: ILO

The Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) presented a new edition of their joint report The employment situation in Latin America and the Caribbean, which indicates that while a regional rebound in job creation is not foreseen in 2014, a lower rate of labor market participation -which is to say, the proportion of the working-age population inside the labor force, whether employed or unemployed- should enable unemployment to fall.*

A Year-on-year Fall

In the document, the United Nations organizations analyze the employment situation during the first half of the year and explain the mechanisms that have helped reduce inequality in the region’s earned incomes in the last decade.

According to the report, even though country data shows a high degree of heterogeneity, the employment rate at a regional level -meaning the number of employed people versus the total working-age population- continued the decline it had initiated in 2013 during the first half of this year, with a year-on-year fall that put it at 55.7% compared with 56.0% during the same period last year, due mainly to the weaker creation of salaried jobs.

“Considering these circumstances, and as paradoxical as it may seem, the decline in the unemployment rate is not entirely positive news… The fall in labor force participation that is behind the decreasing unemployment has an impact on the economic autonomy of a growing proportion of the population, especially women,” Alicia Bárcena, ECLAC’s Executive Secretary, and Elizabeth Tinoco, ILO’s Regional Director, stated in the document’s introduction.

Positive Assessment of Labor Markets

Despite the current stagnation, the overall assessment of the region’s labor markets during recent years is positive. Beyond the situation today, the report analyzes the virtuous links between employment formalization and improvements in labor income distribution.

After the 2008-2009 crisis, employment formalization kept growing, which not only favored women’s greater productive insertion, but also helped reduce the gap in labor income seen between employed workers with lower and higher education levels.

Between 2009 and 2013, formal jobs grew 12.7% (53.4% of total employment), while informal jobs grew just 2.6% (46.6%). Meanwhile, total income distribution (formal and informal employment) improved by 0.62 percentage points between those years.

This increase in labor formality has especially benefited salaried employees, workers with intermediate schooling levels, and women, the document specifies. (*Source: ILO News).

2014 Human Wrongs Watch

Filed under: Latin America & Caribbean, Market Lords, The Peoples

Source: http://human-wrongs-watch.net/2014/10/18/28505/

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,708,675,435
Stories:	8,451,010