Global unemployment rate holds steady |
| The global unemployment rate is projected to remain at 4.9% until 2027, according to the International Labour Organization (ILO). Despite this apparent stability, ILO officials warned of a significant shortage of jobs, with 186m people currently unemployed. Caroline Fredrickson, head of the ILO's research department, noted: "Global labour markets look stable, but that stability is quite fragile." The report also highlighted that nearly 300m workers live in extreme poverty, earning less than $3 a day, and 2.1bn are in informal jobs with limited protections. |
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