Job Trends: Gradual Recovery for Employment in Developing Countries
July 26, 2012
- Employment growth in selected middle-income countries continued its steady recovery despite moderate output growth, although these economies may face difficulties reabsorbing workers.
- Labor markets in Europe and Central Asia have continued their steady recovery from the 2009 financial crisis, and four East Asian countries continued to experience improved employment and wage growth.
- Slowing economic growth has not prevented labor markets from improving in Latin American countries in the sample, but the effects have been more mixed in South Africa.
JobTrends is a regular series monitoring labor markets in developing countries. It is a collaborative effort between the Human Development Network (HDN) and the Poverty Reduction and Economic Management (PREM) Network of the World Bank.