The pace at which jobs are created within the G20 nations will be slow between now and 2015, it has been warned.

A joint study between the International Labour Organization (ILO) and the Organisation for Economic Co-operation and Development has indicated that the rate of expansion in employment may not be steep enough to recover paid roles lost during the downturn.

According to the research, a jobs shortfall could develop and the two bodies have called for action to speed up employment growth in order to fuel the global economic recovery, as an annual rate of 1.3 per cent is required to reach pre-crisis levels by 2015.

ILO director-general Juan Somavia stated: "We need investments to grow enterprises in the real economy and to generate decent work."

A meeting of G20 labor ministers is being held in Paris and the head of the ILO has warned during the event that the threat is increasing of another financial crisis, as problems in the eurozone and slower growth place the global recovery at risk.

Posted by Lee Thrace