Employment insecurity is here to stay.
Only a quarter of workers worldwide now have a “stable employment relationship,” according to a new report by the International Labour Organization. It found that the rest are employed on a temporary or short-term basis, work in informal jobs without contracts, or in unpaid family jobs.
The World Employment and Social Outlook report paints a grim picture of the world’s labor market.
The fallout of the global financial crisis is still being felt, with 61 million people out of work around the world. Part-time employment is rising, as workers can’t find full-time jobs.
All of this creates anxiety among workers. “These emerging trends are also a reflection of the widespread insecurity that’s affecting many workers worldwide today,” ILO Director General Guy Ryder said.
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