The International Labour Organization (ILO) predicts a global unemployment rate of 5.2% in 2024.

The International Labour Organization (ILO) predicts a global unemployment rate of 5.2% in 2024.

Daily Current Affairs   /   The International Labour Organization (ILO) predicts a global unemployment rate of 5.2% in 2024.

Change Language English Hindi

Category : International Published on: January 12 2024

Share on facebook
  • This increase is mainly due to more people being jobless in advanced economies.
  • The 'World Employment and Social Outlook' report for 2024 estimates a rise of 2 million unemployed individuals worldwide.
  • This uptick is set to push the global unemployment rate from 5.1% in 2023 to 5.2% in 2024.
  • ILO notes that after a brief surge in productivity as countries recovered from the pandemic, overall labor productivity growth has slowed down.
  • This slowdown is a cause for concern, especially in high-income countries, where employment growth is expected to be negative in 2024.
  • The report indicates that the employment scenario in high-income countries might only see modest improvements in 2025.
  • The situation suggests a need for attention to global employment challenges, emphasizing the impact of economic trends on job opportunities.
Recent Post's
  • LIC launched MyLIC and Super Sales Saathi apps to provide seamless digital services for customers and agents.

    Read More....
  • Rajya Sabha Election Harivansh became the first nominated member to be re-elected unopposed as Rajya Sabha Deputy Chairman for a third term.

    Read More....
  • Chhattisgarh UCC Chhattisgarh approved a high-level committee to draft a framework for implementing the Uniform Civil Code in the state.

    Read More....
  • India’s Economy Ranking India became the world's 6th largest economy in 2025 with a GDP of $4.15 trillion, according to IMF data.

    Read More....
  • The Asian Development Bank raised India’s GDP growth forecast for FY27 to 6.9% citing strong domestic demand.

    Read More....
  • World Hemophilia Day 2026 was observed on April 17 with the theme “Diagnosis: First Step to Care.”

    Read More....
  • Punjab Police partnered with IIT Ropar to develop an AI-based system for real-time crime tracking and data analysis.

    Read More....
  • The Philippines joined the US-led “Pax Silica” initiative to secure global semiconductor supply chains and build an industrial hub.

    Read More....
  • PM Narendra Modi will chair India’s first high-level conference dedicated exclusively to the Central Armed Police Forces.

    Read More....
  • The Supreme Court ruled that dowry givers who are victims of harassment cannot be prosecuted under the Dowry Prohibition Act.

    Read More....