On balance, employment creation in the non-agricultural sectors of the economy continued to be disappointing and it seems that the total number of persons employed declined in the current upward phase of the business cycle. The creation of employment opportunities will be crucial if we are to improve people's lives in the years ahead.
I hope this conference will provide a good opportunity to exchange our thoughts on the subject and learn from each other’s experiences. Thank you very much for your attention. 4  BIS central bankers’ speeches