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According to ILO newly released ‘World of Work Report 2012: Better Jobs for a Better Economy’ there is “no sign of recovery in the near future” for the jobs market.

The study by ILO finds six “advanced economies” in which employment rates have increased since 2007 namely Austria, Germany, Israel, Luxembourg, Malta and Poland.

It points to austerity measures having negative consequences for labour markets and job creation, jobseekers losing skills and suffering demoralisation and the rise of “non-standard forms of employment” as contributing factors.

The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years.

Check the detailed report here: http://www.ilo.org/global/publications/books/world-of-work/WCMS_179453/lang–en/index.htm