May 23, 2014
Latin America should make efforts to generate more quality employment and foster the productive social insertion of young people, ILO and ECLAC said today.
A joint report by the International Labor Organization (ILO) and the economic Commission for Latin America and the Caribbean (ECLAC) released on today, said this year’s economic scenario, with an estimated growth of 2.9 percent, is unfavorable for the region’s labor market.
Both organizations consider that due to the modest economic growth projected and the current trends in labor participation, a low rate of generation of employment is expected, which will hinder a significant reduction of the unemployment rate.
The report states that these perspectives will likely lead to unemployment and other measures to face such scenario.
However, the ILO-ECLAC report adds that employment generation over the last ten years and the implementation of new social programs have been important factors in the reduction of poverty.
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