This new report from the International Institute for Labor Studies presents a timely discussion on the worldwide loss of jobs resulting from the economic crisis. The material is presented in a nontechnical manner, based on the latest data and economic analysis. Full technical annexes are included. The authors assess the job crisis and provide a broad overview of its social effects, emphasizing the structural imbalances in the globalization process that paved the way for such widespread unemployment. In addition, the report analyzes conditions for a new growth and globalization model--one that would be more socially and environmentally sustainable. This report is an important addition to the discussions of socially sustainable growth, establishing the World of Work Report as a new authoritative source on labor issues.