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'The erosion of real wages and living standards by high and persistent inflation rates and rising costs of housing is unlikely to be compensated quickly' according to the report (Photo: Unsplash)

Labour market imbalances 'may be structural' warning

Stagnating productivity and rising inequalities has cast a shadow over the International Labour Organization's (ILO) employment and social outlook for 2024, published on Wednesday (10 January).

2023 saw encouraging employment figures, but the ILO does not expect them to improve much in 2024.

Despite the economic slowdown, labour...

Author Bio

Paula joined EUobserver in January 2023 and left for Euronews in 2024. Previously she worked for the Spanish online newspaper El Confidencial, where she covered mainly economic and financial affairs.

'The erosion of real wages and living standards by high and persistent inflation rates and rising costs of housing is unlikely to be compensated quickly' according to the report (Photo: Unsplash)

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Author Bio

Paula joined EUobserver in January 2023 and left for Euronews in 2024. Previously she worked for the Spanish online newspaper El Confidencial, where she covered mainly economic and financial affairs.

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