World unemployment to fall slightly in 2024: UN
The Hindu
Global unemployment is set to fall slightly this year, a United Nations agency said
Global unemployment is set to fall slightly this year, a United Nations agency said on May 29 , reversing its previous prediction of a rise while warning of "slow progress" on tackling inequalities.
The International Labour Organization (ILO) expects a global unemployment rate of 4.9% in 2024, after originally forecasting unemployment would rise to 5.2% this year from five percent in 2023.
In a report, the Geneva-based UN agency forecasts that the rate will stay at 4.9% in 2025.
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However, the ILO cautioned that "inequalities in labour markets persist, with women in low-income countries particularly affected."
The report found that 183 million people meet the definition of unemployed, meaning they are actively looking for work and are immediately available. But the number of people without a job who wanted to work stood at 402 million.
The agency also said women were more likely to be unwillingly out of work and disproportionately affected by a lack of opportunities.
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