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.
Historic Low Global Unemployment Masks Deep Inequities, ILO Finds
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Jan-17
World
Score: 0.40
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
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