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In the first half of 2013, limited economic growth amid sluggish global conditions dampened the progress the Latin American and Caribbean region had been making hitherto in creating jobs and reducing unemployment. Formal employment creation, in particular, lost momentum. However, wage employment continued to represent the largest share of total employment and real wages rose slightly overall. Greater investment and productivity are needed, especially in tradable goods sectors with strong national and regional production linkages, in order to boost future growth and thus productive employment creation. This means reducing internal and external productivity gaps, which calls, in turn, for a workforce that has the skills, competences and knowledge to meet the demand from formal and informal enterprises and that reflects the needs of individuals seeking to join the labour market or improve their working conditions. This report reviews the challenges facing training institutions in the region in the framework of the economic and production sector changes underway today and the innovations taking place in this area.

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