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G20 seeks ways to boost jobs in face of gloomy outlook

PARIS - G20 Labor ministers in meetings on Monday and Tuesday in Paris face the tricky task of trying to boost job creation in the face of a fast-deteriorating economic outlook without undermining already strained public finances.
With a new global downturn brewing, the Group of 20 economic powers are still 20 million jobs short of returning to employment levels of before the 2008 financial crisis.But G20 countries face a worsening in the shortfall to some 40 million jobs from 2012 as governments seem to be failing to maintain a nascent recovery in the job market, the International Labor Organization and Organization for Economic Co-operation and Development wrote in a report published on Monday.
The Labor ministers were meeting under France's G20 presidency to share notes on fighting unemployment ahead of a summit in early November of the group's heads of state in Cannes.
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