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G-20 Labour and Employment Ministerial meet

Sep 16, 2014 12:30 IST

The G-20 Labour and Employment Ministerial meet was held at Melbourne, Australia on 10 September 2014 to 11 September 2014.

The meet was called to put forward recommendations to G20 Leaders. During the meet, discussions were held on how to increase job growth across the G20 to help address disadvantage, improve productivity and drive growth.

They also reflected on the high cost to business and national economies caused by poor workplace health and safety.

Female labour force participation rates and high youth unemployment are two key issues faced by G20 economies, and both topics were a focus on the agenda for the ministerial meeting.

At the completion of the meeting, the ministers released a Declaration outlining their commitments to address the labour, employment and social challenges faced, nationally and globally.

These included:

•    promoting greater participation by women in the labour market, and closing gender gaps in labour market outcomes.
•    taking concrete actions to place young people in education, training or jobs
•    taking further steps to reduce the substantial economic costs associated with unsafe workplaces and work-related illness
•    sets of policy priorities to prevent unemployment and underemployment from becoming structural, and create better jobs
•    taking forward strategies to support the transition of workers employed informally into the formal economy

The International Labour Organization, International Monetary Fund, Organisation for Economic Co-operation and Development and the World Bank prepared a series of reports to inform the ministers’ discussions and declaration.

G20 members will finalise their Employment Plans and contributions to the Growth Strategies ahead of the G20 Leaders Summit in Brisbane. The summit is scheduled to be held in November 2014.

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