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McKinsey Global Institute

Labor Markets

MGI The world at work 3.5 billion

The world at work: Jobs, pay, and skills for 3.5 billion people

June 2012—Strains on the global labor force are becoming painfully evident. Market forces will fail to resolve demand and supply imbalances for tens of millions of skilled and unskilled workers.more

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More on Labor Markets

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India’s path from poverty to empowerment

February 2014—India has made encouraging progress in reducing its official poverty rate. But the nation has an opportunity to help more than half a billion people attain better living standards.more

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Manufacturing’s new era: A conversation with Timken CEO James Griffith

December 2012—The manufacturer’s chief talks with McKinsey director Katy George about skills, costs, and the supply-chain challenges of transforming production in an age of emerging-market growth.more

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Investing in growth: Europe's next challenge

December 2012—Private investment was the hardest-hit component of Europe’s GDP between 2007 and 2011—but it can also be a major driver of the region’s recovery. more

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Africa at work: Job creation and inclusive growth

August 2012—The world's second-fastest-growing region must speed up job creation to sustain its successes. By focusing on labor-intensive sectors such as agriculture, some types of manufacturing, and retail and hospitality, African nations could boost the number of new wage-paying jobs from 54 million on current trends to 72 million by 2020.more

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French employment 2020: Five priorities for action

May 2012—Unemployment is rising. Unless it comes down, France won’t be able to sustain its beleaguered social safety net.more

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Trading myths: Addressing misconceptions about trade, jobs, and competitiveness

May 2012—MGI analyzes the performance of mature economies’ tradable sectors. We found that reality is often at odds with conventional wisdom.more

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Thinking long-term today: An interview with Peter Diamond

March 2012—James Manyika speaks with Professor Peter Diamond, nobel prize winner in economics and an Institute Professor and a professor of economics emeritus at the Massachusetts Institute of Technology, about long-term employment challenges in the United States and how to address them.more

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Help wanted: The future of work in advanced economies

March 2012—Long-range forces are changing the nature of work and how jobs will be created. The disequilibrium in many national labor markets won't be solved by measures that worked well in decades past.more

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European growth and renewal: The path from crisis to recovery

July 2011—Europe is growing again, but the recovery is uneven and under threat from the continuing eurozone debt crisis. Europe has significant strengths on which to build but needs to address profound long-term challenges that could limit its future growth.more

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An economy that works: Job creation and America’s future

June 2011—To regain full employment—finding work for the currently unemployed and accommodating 15 million entrants into the labor force this decade—the US economy will need to create 21 million jobs by 2020.more

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Related

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Education for everyone: An interview with Sal Khan

September 2013—Online learning is revolutionizing access to education. As Khan Academy founder Sal Khan explains, it may also revolutionize how organizations find the workers they need.more

interviewNobel prize winner Peter Diamond

Thinking long-term today: An interview with Peter Diamond

James Manyika speaks with Professor Peter Diamond, a nobel prize winner in economics, about long-term employment challenges in the United States and how to address them.more

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videoJames Manyika talks about job creation

The global job crisis

James Manyika and other McKinsey experts discuss the underlying causes of the jobs crisis and some of the ways business and government can cooperate to create the millions of jobs that are needed.more

The US challenge perspectives

The US employment challenge: Perspectives from Carl Camden and Michael Spence

McKinsey Quarterly—The CEO of a global staffing firm and a Nobel laureate economist discuss the changing face of US employment and the obstacles to job creation.more

24 million

The number of new jobs created in the EU-15 countries between 1995 and 2008—more than the United Statesmore

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