Global unemployment stayed at a record low of 5% in 2024, with hopes for a slight drop to 4.9% by 2026.
Global unemployment held steady at a record low of 5% in 2024 and is expected to remain so through 2025, though a slowing economy could hamper job creation. The youth unemployment rate stands at 12.6%, over twice the overall rate. The ILO report stresses the need for education investment and innovative solutions to promote equitable job access and reduce inequality. The unemployment rate is projected to drop slightly to 4.9% by 2026.
2 months ago
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