The International Labour Organisation (ILO) has published its World Employment and Social Outlook Report for 2025

Description

The International Labour Organisation (ILO) has published its World Employment and Social Outlook Report for 2025, highlighting the ongoing challenges faced by global labour markets. According to the report, geopolitical tensions, climate change-related costs, and unresolved debt issues continue to hinder economic recovery. While there has been a slight reduction in the global jobs gap, difficulties persist, especially for low-income nations and vulnerable populations.

Global Jobs Gap

In 2024, the global jobs gap stood at 402 million, comprising 186 million unemployed individuals, 137 million temporarily unavailable workers, and 79 million discouraged workers. Although the gap has narrowed since the pandemic, it is expected to stabilize in the coming years.

Unemployment Rates

The global unemployment rate remained at 5% in 2024, but youth unemployment remains a significant concern, standing at 12.6%. Many low-income countries are struggling to generate quality jobs, with informal employment returning to pre-pandemic levels.

Labour Force Participation

Participation in the labour force has declined in low-income countries, while it has risen in high-income nations, particularly among older workers and women. However, significant gender disparities persist, hindering broader economic progress.

NEET Statistics

The proportion of young people not in education, employment, or training (NEET) has increased. In low-income countries, the NEET rate among young men rose by 4 percentage points compared to pre-pandemic levels, affecting 15.8 million young men and 28.2 million young women in 2024.

Economic Growth Trends

Global economic growth slowed to 3.2% in 2024, down from previous years. A similar rate of growth is expected for 2025, although gradual deceleration is anticipated over the medium term.

Real Wages And Inflation

Although inflation has decreased, it remains high, putting pressure on real wages. Wage increases have been limited to some advanced economies, while many countries continue to recover from the effects of the pandemic.

Opportunities In Green And Digital Sectors

Job creation prospects are emerging in the green energy and digital technology sectors. Globally, renewable energy jobs have reached 16.2 million, although their distribution remains uneven. Many countries still lack the infrastructure needed to fully leverage digital technologies.

Recommendations For Action

The ILO urges greater productivity through skill development, expanded social protection, and more efficient use of private investments. It also recommends that low-income countries tap into remittances to foster local development.

Welcome to Notopedia.com, your comprehensive and free online education resource that covers a vast array of competitive exams and government job opportunities in India. We understand the importance of excelling in sarkari exams, such as UPSC, IBPS, and SSC CGL, SSC CHSL which serve as gateways to esteemed government positions. Our platform offers detailed insights into exam patterns, syllabus, and previous year question papers for various exams, including NEET, JEE, CAT, CLAT, GATE and more. Whether you're preparing for banking exams like IBPS, SBI, railway recruitment or railway exams like RRB, or seeking admission to top-notch MBA and law programs, Notopedia provides you with a wealth of free study materials, mock tests, online test series and expert guidance. Stay up-to-date with the latest exam dates, results, and admit cards for exams like JEE Main, UGC NET, and CET. As you embark on your educational journey, make Notopedia your go-to destination for free mock tests, comprehensive resources, and the latest updates on sarkari results, government job vacancies, and competitive exams. Empower your learning with Notopedia and achieve your academic and career aspirations with confidence.

For more Updates and Information - Visit Notopedia's Bulletin Board

For Latest Sarkari Jobs - Visit Notopedia's Sarkari Jobs Section

For access to more than 20,000 Colleges - Visit Notopedia's College Section

For School Studies and Exams Preparation across 14 Boards - Visit Notopedia's School Section

For Comprehensive Preparation of Sarkari Job Exams - Visit Notopedia's Sarkari Exams Section

For Comprehensive Preparation of Competitive Exams - Visit Notopedia's College Entrance Exams Section