ILO pegs global unemployment rate at 5.2 per cent in 2024.

National

The International Labour Organisations has projected the global unemployment rate a tad higher at 5.2% in 2024 compared to 5.1% in 2023 and said that working poverty will persist while the income inequality will widen, suggesting a need for greater social justice for a sustainable recovery.In its World Employment and Social Outlook Trends: 2024 report, released on Wednesday, the ILO said labour markets have shown surprising resilience despite deteriorating economic conditions.


      The International Labour Organisations has projected the global unemployment rate a tad higher at 5.2% in 2024 compared to 5.1%

      The ILO projected a decline in labour force participation rates and slowdown in employment growth, which may raise the global unemployment rate from 5.1 per cent in 2023 to 5.2 per cent in 2024.

     

 

     


          ____________________________