ILO: Global unemployment rate falls slightly, but labor inequality persists

FILE - Employees assemble electric transformers inside a manufacturing unit of Inductotherm-India Private Limited at a production facility on the outskirts of Ahmedabad, India, March 28, 2024.

The global unemployment rate will fall slightly, according to a new report by the International Labor Organization, or ILO. The report also states that labor market inequalities continue to persist, particularly for women in low-income countries.