The slowdown in the global economy is weighing on the job market.
Despite the tensions and shortages that persist in certain sectors, particularly in rich countries, global unemployment will rise again this year.
The International Labor Organization (ILO) expects a slight increase, of around 3 million people, to reach 208 million, or an overall rate of 5.8%, marking a reversal of the decline observed since 2020.
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The pace of job growth will halve (1% from 2.3% in 2022) and global unemployment will still be around 16 million higher than before the pandemic.
“Because of this slowdown, we do not expect to be able to recover the losses suffered during the Covid crisis before 2025
,” says Richard Samans, research director and coordinator of the report.
Beyond unemployment, the ILO is concerned about the
“quality of jobs”
.
The very sharp slowdown in activity means that
“many workers will have to…
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