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Employment Global employment continues to increase, though with steep declines in many developed economies. Employment contracted sharply in 2009 in the Developed Economies and European Union (2.2 per cent) and Central and South-Eastern Europe (non-EU) and CIS (0.9 per cent) regions, but total employment continued to grow in all other regions during the crisis. The employment-to-population ratio, which represents the share of people of working age in employment, declined from 61.7 per cent in 2007 to 61.2 per cent in 2009 and was little changed at 61.1 per cent in 2010.
sufficient employment opportunities to absorb growth in the working-age population, which again reflects the ongoing lag between economic recovery and a recovery in employment in this region.
2. Unemployment
took place in 2010, following two years of severely adverse labour market conditions, global unemployment remained elevated in 2010. The number of unemployed stood at 205 million in 2010, essentially unchanged from the year earlier and 27.6 million higher than in 2007.
2010 (with a confidence interval from 5.9 to 6.5 per cent), versus 6.3 percent in 2009 and 5.6 per cent in 2007. In the Developed Economies and European Union region, which saw the largest regional increase in the unemployment rate between 2007 and 2009 (2.6 percentage points, see table A2), the unemployment rate continued to increase in 2010, to 8.8 per cent. In Central and South-Eastern Europe (non-EU) and CIS and East Asia, unemployment rates declined in 2010.
Conclusions
Global GDP growth peaked at 5.3 per cent in 2007,
before falling sharply to 2.8 per cent in 2008 and contracting by further 0.6 per cent in 2009. Employment growth at the global level fell to 0.7 per cent in 2009 and the global unemployment rate increased to 6.3 per cent, from 5.6 per cent in 2007. The number of unemployed around the world surged from 177.3 million in 2007 to 205.2 million in 2009, an increase of 27.9 million.
cent in 2007 to 1.3 per cent in 2008, and fell further to 1.4 per cent over 2009. The greatest declines in labour productivity in 2009 were in Central and South-Eastern Europe (non-EU) and CIS (5.5 per cent), Latin America and the Caribbean (2.4 per cent), the Middle East (1.3 per cent) The crisis halted a steady decline in the share of workers living in poverty. One out of every five workers in the world is estimated to have been living with their family in extreme poverty of less than US$ 1.25 per person per day in 2009.