As the International Labour Organization highlights a global unemployment rate at an unprecedented low of 5% in 2024, experts credit progressive labor policies and government interventions for safeguarding workers' rights and ensuring economic stability amidst ongoing challenges. The 'World Employment and Social Outlook: Trends 2025' underscores the importance of continued investment in social programs and job creation initiatives to combat the persistent uncertainty in the economic landscape.
Despite Global Economic Turmoil, Unemployment Reaches Remarkable Lows Thanks to Progressive Policies
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Jan-17
World
Score: 0.50
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
In a testament to the resilience of free markets, the International Labour Organization's latest report showcases a global unemployment rate falling to an all-time low of 5% in 2024. Despite economic uncertainties, this achievement underscores the success of deregulation and business-friendly policies in fostering an environment where job creation flourishes. Critics of heavy government intervention and market distortions see this as evidence of a thriving economy driven by private sector innovation and adaptability.
From BusinessLine