Key Indicators of the Labor Market and Global Employment Trends 2012 Director Lawrence Jeff Johnson ILO Country Office for the Philippines 12 th National.

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Presentation transcript:

Key Indicators of the Labor Market and Global Employment Trends 2012 Director Lawrence Jeff Johnson ILO Country Office for the Philippines 12 th National PESO Congress 11 October 2012 Baguio City

ILO Global Employment Trends

Unemployment: tip of the iceberg = Workers in vulnerable employment globally 2011 is estimated at 1.52 billion increase of 136 million since 2000 and of nearly 23 million since 2009

Labour Productivity Growth ASEAN Source: ILO / Key Indicators of the Labor Market, 7 th ed, 2011

Philippine Labour Productivity Source: ILO / Key Indicators of the Labor Market 7 th ed, 2011

Unemployment Rate Source: ILO / Key Indicators of the Labor Market 7 th ed, 2011

Philippines: Unemployment Rate Source: NSO’s Labor Force Survey (LFS).

Vulnerable Employment Source: ILO / Key Indicators of the Labor Market 7 th ed, 2011

Philippines: Vulnerable Employment Source: Constructed from estimates from the NSO’s Labor Force Survey given years

Philippine Employment by Sector Source: ILO / Key Indicators of the Labor Market 7 th ed, 2011

Supply and Demand of Workers Source: National Human Resources Summit, 2007

Not just the level of growth “We will only get the recovery right if we take a holistic approach to managing the economy— one that focuses not only on standard macroeconomic and financial policies, but also on job creation and social protection.” - International Monetary Fund, 2011

ILO Decent Work Strategic Pillars Fundamental Principles & Rights at Work Employment Opportunities Social Protection Social Dialogue and Tripartism

Virtuous spiral Increased Productivity Increased Real Wages Increased Earnings Poverty Alleviation Productivity & Output Growth Increased Well-Being & Diminished Inequality Increased Investments & Demand Sustainable & Expanding Growth Decent Work & Employment Growth Poverty Alleviation Increased Real Earnings & Social Benefits Technological Improvements Increased Demand, Increased Output Increased Demand & Well-Being Increased Technological Change

In pursuit of inclusive growth High-growth” Industries: Agribusiness Business Process Outsourcing Creative Industries Infrastructure Manufacturing and Logistics Mining Tourism, Medical Travel, and Retirement Joint Foreign Chambers of the Philippines

Labour Market Information System Development and Flow LMI Collection (NSO, etc) Policy Formulation Analysis Dissemination of LMI LMI Collection (NSO, etc) Policy Formulation Analysis Dissemination of LMI

LMI Initiatives Support to the NSO in defining a sample to produce provincial level estimates Survey on Children PESO Kit and Capacity Building on Employment Services Philippines Employment Projections Model

Thank you For more information, please contact: ILO Country Office for the Philippines Tel: , Fax: