The inability of the labour market to bounce back is largely due to highly uncertain economic and social outlook, says ‘World Employment and Social Outlook: Trends 2025 (WESO Trends)‘ report
Global unemployment stood at a historic low of 5% in 2024: ILO
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Jan-17
World
Left Variant
Score: 0.20
Despite a global unemployment rate reported at a historic low of 5% in 2024, the International Labour Organization highlights the persistent inequities and precariousness in the labor market, exacerbated by inadequate government intervention and the failure to address systemic inequalities.
From BusinessLine
Jan-17
World
Right Variant
Score: 0.80
The International Labour Organization reports a historic low in global unemployment at 5%, underscoring the success of free-market policies and the importance of government deregulation to foster economic growth and job creation amidst uncertain economic times.
From BusinessLine