On 17 December 2022, the European Commission released the report “Labour Market and Wage Developments in Europe 2021”, showing how the labour market is exiting from the deepest recession that hit the EU (European Union) since World War II.
EU labour market has been resilient to the COVID-19 recession and members states implemented strong policy responses eased the impact on unemployment.
There will be 11.9 million new jobs created from 2020 to 2030 with an overall growth rate of 7.7%, According to the U.S. Bureau of Labor Statistics (BLS)
Renewable energy and healthcare are the sectors with the fastest growing jobs, while the declining jobs are mainly in office and administrative support.
Employers Confederation of Philippines (ECOP)’s 42nd National Conference of Employers, launches “REFORM. REBOUND. RECOVER: ONE MILLION JOBS FOR 2021” (1MJ Project).
ECOP partnered with key government agencies and business and employer groups to implement this project.
Aside from creating new jobs, the private sector has vowed to help the government in the vaccination program by inoculating its own employees.
Egyptian companies have contributed to fight the social and economic consequences of Covid-19.
Activities ranged from direct donations and gifting of medical supplies to skilling initiative, solidarity programmes for workers affected by the pandemic, youth empowerment.
The Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP) promotes the economic recovery
UCCAEP advocates for the approval of the loan from the IMF, to be accompanied by measures that allow for economic recovery, support for the private sector, job creation and a reduction of informality levels
Based on four drivers (informality, private sector growth, creating opportunities and digital transformation), the report puts forward a series of policy recommendations for sustained job recovery
The International Labour Organisation, Bureau for Employers’ Activities (ACT/EMP) recently released a publication on the role played by the employers and business membership organizations (EBMOs) in the Covid-19 pandemic where EBMOs have demonstrated agility, resilience and the ability to innovate.
It also focuses on the way ahead and the services EBMOs will have to reinforce and ideas for concrete actions.