World Employment and Social Outlook: Trends 2024 Report
The “World Employment and Social Outlook: Trends 2024” report, released by the International Labour Organization (ILO) in January 2024, warns of a rise in global unemployment in the upcoming year. The report highlights that over 5% of the world’s workforce is currently jobless, with an expected increase of two million job seekers. It emphasizes the challenges posed by deteriorating economic conditions, persistent inflation, and stagnant productivity, leading to growing inequality and eroded living standards. The ILO underscores the need for policies promoting social justice and sustainable economic recovery.
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