World Employment and Social Outlook: Trends 2025

On 10th January 2025, International Labour Organisation’s (ILO) released its “World Employment and Social Outlook (WESO): Trends 2025” report.

Major Highlights

  • Global Unemployment: The global unemployment rate remained steady at 5% in 2024, with youth unemployment notably high at 12.6%.
  • Youth Unemployment: Highest in upper-middle-income countries at 16%, and lower in low-income countries at 8%, often due to underemployment and informal work.
  • Challenges in Low-Income Countries: Low-income countries struggle to generate decent jobs, and informal employment has returned to pre-pandemic levels.
  • Economic Growth Trends: Economic growth for 2024 was recorded at 3.2%, slightly down from 3.3% in 2023 and 3.6% in 2022.
  • Global Jobs ....
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