Brazilian President Luiz Inácio Lula da Silva insisted during his appearance at the 112th Conference of the International Labor Organization (ILO) in Geneva, Switzerland, that the well-being of the people depends on governments supporting environmental commitments, Agencia Brasil reported. Speaking at the Global Coalition for Social Justice forum, the Workers' Party (PT) leader also pointed out that the link between capital and labor is crucial to minimize social inequalities, especially in light of today's challenges.
The economic scenario for 2014, with an estimated average growth rate of 2.7%, is far from encouraging for the evolution of the Latin American regional labor market and presents major challenges for labor market policy, said the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) in a new joint report released this week.
Latin American and the Caribbean are forecasted to end 2013 with an urban unemployment rate of between 6.2% and 6.3%, slightly lower than 6.4% recorded in 2012, according to the latest estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).