Once again, the gap between rich and low-income countries is widening. Inequalities are worsening on the employment front, the International Labour Organization (ILO) said on Wednesday. While the ILO had previously forecast an increase in the global unemployment rate in 2023, it finally expects a slight decline of 0.1%, which will allow the global unemployment rate to reach 5.3%. But this pleasant surprise illustrates above all "the stronger than expected resilience of employment in high-income countries," warns the Geneva-based organization.
Conversely, low-income countries are lagging behind in the recovery process, says the 11th edition of the "World of Work Observatory". North Africa, which is expected to record an unemployment rate of 2023.11% in 2, is still far from returning to pre-Covid levels. The situation is even worse, since these figures do not take into account people who want to work without being counted and who are at a minimum...
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