In a “best-in-region” scenario in which all countries match the rate of improvement in gender gaps (in labor force participation, hours worked, and sector mix of employment) of the best-performing country in their region, $12 trillion more of annual GDP would be realized in 2025, equivalent in size to the current GDP of Japan, Germany, and the United Kingdom combined. Women represent one of the largest pools of untapped labor: globally, 655 million fewer women are economically active than men. Most attention is paid to the unemployed portion of this number, and not enough to the underemployed and the inactive portions, which make up the majority of untapped human potential.Īlmost 75 million youth are officially unemployed. This translates into some 850 million people in the United States, the United Kingdom, Germany, Japan, Brazil, China, and India alone. Some 30 to 45 percent of the working-age population around the world is underutilized-that is, unemployed, inactive, or underemployed. In the United States and the 15 core European Union countries (EU-15), there are 285 million adults who are not in the labor force-and at least 100 million of them would like to work more. Unemployment and underemployment are high around the world. Labor markets are under strain, and talent is underutilized Please email us at: Developments in employment, income, and skillsĬhallenges in labor markets are growing, household incomes in advanced economies have been stagnating, and there are increasing skill gaps among workers. If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website.
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