Fiscal austerity and tough labor reforms have failed to create jobs, and the global employment...

|By:, SA News Editor

Fiscal austerity and tough labor reforms have failed to create jobs, and the global employment market shows no sign of recovering, warns the ILO in its annual "World of Work" report. In advanced countries, employment is not expected to return to pre-crisis levels until the end of 2016, two years later than previously predicted.