Job security low as unemployment drops
…The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own account’ workers such as street stall holders and drivers but also unpaid family members, helping out relatives in business and at home. … The ILO project maps the development of Cambodia’s labour market over the past decade and shows how political stability and rapid growth have seen the number of those living below the poverty line drop from 36.1 to 30.1 per cent and annual growth in labour productivity rise 4.4 per cent. However, work itself is less solid, with more people working excessive hours than before and women’s wages are falling further behind men’s, even as real wages increase. …
