Challenges Labour market demands and trends Following the global financial crisis in 2008, labour markets across the world experienced structural changes that influenced the demand for skills and TVET. Unemployment worsened and the quality of jobs decreased, especially for youth. Gender differentials in labour force participation placed men ahead of women, and skill mismatches deepened. The crisis impacted labour markets adversely and led to deepening uncertainty, vulnerability of employment, and inequality.Bacchetta, M. and Jansen, M. (eds). 2011. Making Globalisation Socially Sustainable. Geneva, ILO and WTO. Furthermore, measures to improve efficiency and profitability in the economic recovery have often led to jobless growth, as happened in Algeria, India and post-apartheid South Africa.
Challenges Labour market demands and trends Following the global financial crisis in 2008, labour markets across the world experienced structural changes that influenced the demand for skills and TVET. Unemployment worsened and the quality of jobs decreased, especially for youth. Gender differentials in labour force participation placed men ahead of women, and skill mismatches deepened. The crisis impacted labour markets adversely and led to deepening uncertainty, vulnerability of employment, and inequality.Bacchetta, M. and Jansen, M. (eds). 2011. Making Globalisation Socially Sustainable. Geneva, ILO and WTO. Furthermore, measures to improve efficiency and profitability in the economic recovery have often led to jobless growth, as happened in Algeria, India and post-apartheid South Africa.