[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110098-en":3,"doc-seo-110098-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":11,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},110098,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","107th Meeting of the Development Committee - April 12, 2023 - Statement by Gilbert Houngbo","Statement by Gilbert Houngbo, Director-General of the International Labour Organization, delivered at the 107th Meeting of the Development Committee on April 12, 2023 in Washington, DC. It highlights ILO projections of slow employment growth and rising unemployment, persistent gender and youth labour-market disadvantages, and a widening gap between wage and productivity growth. The statement calls for revived development finance and long-term, sustainable investment to mobilize productive employment, expand social protection, advance social justice, and support job creation and reskilling in areas such as renewables.","Public Disclosure Authorized Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee  \nof the  \nBoards of Governors ofthe Bank and the Fund  \non the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND SEVENTH MEETING WASHINGTON, DC – APRIL 12, 2023  \nDC/S/2023-0004 April 12, 2023  \nStatement by Gilbert Houngbo Director-General  \nInternational Labour Organization  \nStatement by  \nGilbert Houngbo  \nDirector-General  \nInternational Labour Organization  \n107th Meeting of the Development Committee  \nApril 12, 2023  \nWashington, DC  \nSummary  \n● Global employment growth stands to be only 1.0 per cent in 2023, less than half the level in 2022.  \n● Global unemployment is projected by the ILO to rise slightly in 2023, by around 3 million, to 208 million (corresponding to a global unemployment rate of 5.8 per cent). It means that global unemployment will remain 16 million above the 2019 pre-crisis benchmark.  \n● Women and young people are faring significantly worse than men and adults, respectively, in labour markets. For every economically inactive man there are two such women. More than one-in-five of young people are not in employment, education or training (NEET) .  \n● The gap between wage growth and labour productivity growth is widening further – there is room for real wages to increase, not just to catch up with inflation but also to become aligned with productivity growth.  \n● One of the main forms of wage inequality is the pay gap between women and men and greater efforts are required to further reduce gender pay inequalities. Platforms such as the Equal Pay International Coalition can guide countries in that regard.  \n● A revival of development finance, combined with a reshape of business incentive structures to encourage long-term investments in the real economy are needed to address the interlinked crises in purchasing power, ecological sustainability and human well-being.  \n● Countries must now prioritize long-term, sustainable investments that both favour human development and protect the planet. Major investment and innovation opportunities await in renewable energy and environmentally sustainable construction and retrofitting, with significant employment creation andreskilling impacts.  \n● It is critical that finance is mobilized to create productive employment, extend social protection coverage, and protect the chronically poor and those who are most affected by the multiple and overlapping crises. The Global Accelerator on Jobs and Social Protection for Just Transitions is a key part of this effort.  \n● Given its central importance to inclusive and sustainable socio-economic development, social justice constitutes one of the cornerstones ofthe renewed multilateralism that is required to overcome current  \nchallenges – a rallying point as well as an organizing principle. The Global Coalition for Social Justice will provide the platform for an effective and coherent multilateral effort to strengthen the social dimension of sustainable development and economic growth.  \nEconomic and social outlook  \nAccording to the IMF, uncertainties in the world economy remain exceptionally high, with global economic growth expected to fall below 3 per cent this year because of the war in Ukraine, scarring from the Covid- 19 pandemic and monetary tightening. 1  \nThis global economic slowdown is likely to force more workers to accept lower quality, poorly paid jobs which lack employment security and social protection, accentuating inequalities that were already exacerbated by the COVID-19 crisis.  \nGlobal employment growth stands to be only 1.0 per cent in 2023, less than half the level in 2022. Global unemployment is projected by the ILO to rise slightly in 2023, by around 3 million, to 208 million (corresponding to a global unemployment rate of 5.8 per cent). The moderate size of this projected increase is largely due to tight labour supply in high-income countries. This would, however, m","cbCaisjjO7Jsi8da","https://ap.wps.com/l/cbCaisjjO7Jsi8da","pdf",286632,3,1,"English","en",105,"# Summary\n## Employment and unemployment outlook\n## Labour-market inequalities\n## Wage growth vs productivity growth\n## Development finance and sustainable investment\n## Employment, social protection and just transitions\n## Social justice and renewed multilateralism\n# Economic and social outlook\n## Global growth uncertainties\n## Effects on job quality and inequality\n## Women and youth labour-market challenges\n# Addressing interlinked crises\n## Wages and purchasing power","[{\"question\":\"What employment and unemployment trends does the statement project for 2023?\",\"answer\":\"Global employment growth is expected to be only 1.0% in 2023. Global unemployment is projected to rise slightly by around 3 million to 208 million, keeping unemployment about 16 million above the 2019 pre-crisis benchmark.\"},{\"question\":\"How does the statement describe gender and youth disadvantages in labour markets?\",\"answer\":\"Women and young people are said to be faring significantly worse than men and adults. For women, the statement cites a large labour force participation gap, and for youth it highlights higher unemployment and a higher NEET rate.\"},{\"question\":\"What actions does the statement call for to address interlinked crises?\",\"answer\":\"It calls for revived development finance and reshaping business incentive structures to enable long-term real-economy investments. It also emphasizes mobilizing finance for productive employment, extending social protection, and protecting the chronically poor and those most affected by overlapping crises, including through just transitions initiatives.\"}]","107th Meeting of the Development Committee - April 12, 2023 - Statement by Gilbert Houngbo | PDF",1784483892,20,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"107th-meeting-of-the-development-committee-april-12-2023-statement-by-gilbert-houngbo","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":20},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/107th-meeting-of-the-development-committee-april-12-2023-statement-by-gilbert-houngbo/110098/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What employment and unemployment trends does the statement project for 2023?","Question",{"text":75,"@type":76},"Global employment growth is expected to be only 1.0% in 2023. Global unemployment is projected to rise slightly by around 3 million to 208 million, keeping unemployment about 16 million above the 2019 pre-crisis benchmark.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe gender and youth disadvantages in labour markets?",{"text":80,"@type":76},"Women and young people are said to be faring significantly worse than men and adults. For women, the statement cites a large labour force participation gap, and for youth it highlights higher unemployment and a higher NEET rate.",{"name":82,"@type":73,"acceptedAnswer":83},"What actions does the statement call for to address interlinked crises?",{"text":84,"@type":76},"It calls for revived development finance and reshaping business incentive structures to enable long-term real-economy investments. It also emphasizes mobilizing finance for productive employment, extending social protection, and protecting the chronically poor and those most affected by overlapping crises, including through just transitions initiatives.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":29,"slug":126},9,"Religion & Spirituality","religion-spirituality",{"id":29,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":29,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]