World Employment and Social Outlook Trends 2019

World Employment and Social Outlook Trends 2019

About

  • The report is released by the International Labour Organisation. The report is published annually.

Key Findings

  • The unemployment rates will fall to 4.9% in 2019 and will remain steady in 2020.
  • 2 bn out of 3.3 bn people worked keeping their economic security at a risk in informal employment.
  • Number of jobless estimated to rise from 172 mn to 174 mn.
  • Unemployment rate increased from 5 to 5.6%.
  • The global unemployment stood at 11.8% among age group of 15-24 which is much higher than it is among other age groups.
  • Much lower labour force participation of women at 48%, compared to 75% for men means that around three in five of the 3.5 bn people in the global labour force were men.
  • The poor quality of many jobs also resulted in the fact that in 2018 more than one-quarter of workers in low and middle-income countries were living in utmost or moderate poverty.
  • More than 170 mn people are unemployed despite the continued decrease in the unemployment rate.
  • Labour underutilization is more prevalent among women.
  • Progress towards achieving the targets set out in Sustainable Development Goal 8 has been slower than anticipated.
bankexamstoday-banner

Smart Prep Kit for Banking Exams by Ramandeep Singh - Download here


Join 40,000+ readers and get free notes in your email

0 comments:

Post a Comment

Thanks for commenting. Follow us on Telegram. Search BankExamsToday