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Global joblessness expected to stay at record low levels:

Category : Business and economics
Published on: January 16 2026 Share on facebook

  • The International Labour Organization’s Employment and Social Trends 2026 report, released in Geneva, has projected that the global unemployment rate will hold steady at a historically low 4.9% this year, affecting about 186 million people.
  • Despite this, the report highlights persistent hardship, noting that nearly 284 million workers continue to live in extreme poverty, earning under $3 per day, while more than two billion people worldwide remain employed in the informal sector.
  • Between 2015 and 2025, the proportion of workers in extreme poverty declined by just 3.1 percentage points to 7.9%, far slower than the 15-point reduction seen in the previous decade. The ILO warned that millions of workers still lack access to stable and quality employment.
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