Global unemployment is projected to increase by around 2.5 million in 2020 and almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work, according to UN's International Labour Organization report.

The World Employment and Social Outlook: Trends 2020 (WESO) report, released on Monday, states that global unemployment has been roughly stable for the last nine years but slowing global economic growth means that, as the global labour force increases, <a href="https://www.wionews.com/business-economy/australian-jobs-suffer-biggest-drop-in-three-years-argue-for-more-stimulus-262020">not enough new jobs </a>are being generated to absorb new entrants to the labour market.

The International Labour Organisation (ILO) forecasts that <a href="https://www.wionews.com/business-economy/indias-urban-unemployment-rate-slows-in-march-2019-quarter-government-data-264001">unemployment will rise</a> by about 2.5 million this year. The ILO is a UN agency whose mandate is to advance social justice and promote decent work by setting international labour standards.

"For millions of ordinary people, it's increasingly difficult to build better lives through work," ILO Director-General Guy Ryder said. "Persisting and substantial work-related inequalities and exclusion are preventing them from finding decent work and better futures. That's an extremely serious finding that has profound and worrying implications for social cohesion," Ryder said.

The number of <a href="https://www.wionews.com/business-economy/unemployment-sluggish-growth-fuelling-protests-in-arab-countries-imf-258450">people unemployed</a> around the world stands at some 188 million. Also, 165 million people do not have enough paid work, and 120 million have either given up actively searching for work or otherwise lack access to the labour market. In total, more than 470 million people worldwide are affected, the report said.

Also Read:&nbsp;<a href="https://www.wionews.com/world/more-than-473-million-people-cant-find-reasonably-paying-work-united-nations-report-275681">More than 473 million people can't find reasonably paying work: United Nations report</a>

Earlier in January, a UN report on the economy showed that developed countries are experiencing slow growth, and some African countries are stagnating. The consequence is that not enough new jobs are being created to absorb the growing labour force as it enters the market. Besides, many African countries are experiencing a drop in real incomes and a rise in poverty, it said.

The ILO report said that moderate or extreme working poverty is expected to edge up in 2020-21 in developing countries, increasing the obstacles to achieving Sustainable Development Goal 1 on eradicating poverty everywhere by 2030.

Currently working poverty (defined as earning less than USD 3.20 per day in purchasing power parity terms) affects more than 630 million workers or one in five of the global working population. Inequalities related to gender, age and geographical location continue to plague the job market, with the report showing that these factors limit both individual opportunity and economic growth.

Some 267 million young people aged 15-24 are not in employment, education or training, and many more endure substandard working conditions. The rise in trade restrictions and protectionism, which could have a significant impact on employment, is seen as a potentially worrying trend, as is the significant drop in the share of national income in the form of wages, compared to other forms of production, it said.

"Labour underutilisation and poor-quality jobs mean our economies and societies are missing out on the potential benefits of a huge pool of human talent,? said the report's lead author, Stefan Kuhn. "We will only find a sustainable, inclusive path of development if we tackle these kinds of labour market inequalities and gaps in access to decent work," Kuhn said.

The report's authors recommend that countries ensure that economic growth and development occurs in a way that leads to the reduction of poverty and better working conditions in low-income countries, through structural transformation, technological upgrading, and diversification.

The annual WESO Trends report analyses key labour market issues, including unemployment, labour underutilization, working poverty, income inequality, labour income share and factors that exclude people from decent work.

Global unemployment is projected to increase by around 2.5 million in 2020 and almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work, according to UN's International Labour Organization report.

Global unemployment is projected to increase by around 2.5 million in 2020 and almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work, according to UN's International Labour Organization report. The World Employment and Social Outlook: Trends 2020 (WESO) report, released on Monday, states that global unemployment has been roughly stable for the last nine years but slowing global economic growth means that, as the global labour force increases, not enough new jobs are being generated to absorb new entrants to the labour market. The International Labour Organisation (ILO) forecasts that unemployment will rise by about 2.5 million this year. The ILO is a UN agency whose mandate is to advance social justice and promote decent work by setting international labour standards. "For millions of ordinary people, it's increasingly difficult to build better lives through work," ILO Director-General Guy Ryder said. "Persisting and substantial work-related inequalities and exclusion are preventing them from finding decent work and better futures. That's an extremely serious finding that has profound and worrying implications for social cohesion," Ryder said. The number of people unemployed around the world stands at some 188 million. Also, 165 million people do not have enough paid work, and 120 million have either given up actively searching for work or otherwise lack access to the labour market. In total, more than 470 million people worldwide are affected, the report said. Also Read: More than 473 million people can't find reasonably paying work: United Nations report Earlier in January, a UN report on the economy showed that developed countries are experiencing slow growth, and some African countries are stagnating. The consequence is that not enough new jobs are being created to absorb the growing labour force as it enters the market. Besides, many African countries are experiencing a drop in real incomes and a rise in poverty, it said. The ILO report said that moderate or extreme working poverty is expected to edge up in 2020-21 in developing countries, increasing the obstacles to achieving Sustainable Development Goal 1 on eradicating poverty everywhere by 2030. Currently working poverty (defined as earning less than USD 3.20 per day in purchasing power parity terms) affects more than 630 million workers or one in five of the global working population. Inequalities related to gender, age and geographical location continue to plague the job market, with the report showing that these factors limit both individual opportunity and economic growth. Some 267 million young people aged 15-24 are not in employment, education or training, and many more endure substandard working conditions. The rise in trade restrictions and protectionism, which could have a significant impact on employment, is seen as a potentially worrying trend, as is the significant drop in the share of national income in the form of wages, compared to other forms of production, it said. "Labour underutilisation and poor-quality jobs mean our economies and societies are missing out on the potential benefits of a huge pool of human talent,? said the report's lead author, Stefan Kuhn. "We will only find a sustainable, inclusive path of development if we tackle these kinds of labour market inequalities and gaps in access to decent work," Kuhn said. The report's authors recommend that countries ensure that economic growth and development occurs in a way that leads to the reduction of poverty and better working conditions in low-income countries, through structural transformation, technological upgrading, and diversification. The annual WESO Trends report analyses key labour market issues, including unemployment, labour underutilization, working poverty, income inequality, labour income share and factors that exclude people from decent work.

Global unemployment projected to rise by around 2.5 million in 2020: UN labour report

Global unemployment levels fell one per cent&nbsp;to a steady 5 per cent in 2018, the lowest figures since the economic crisis that wreaked havoc on labour markets, the International Labour Organization (ILO), said in a report published Wednesday.&nbsp;

The "World Employment and Social Outlook Trends 2019" report said unemployment rates were anticipated to fall further to 4.9 per cent this year, which is expected to hold steady into 2020 despite the fact that the number of jobless in real terms is estimated to rise from 172 million to 174 million in that time as the labour market expands.&nbsp;

The ILO, a United Nations agency that this year marked its centenary, lamented the fact it had taken nine years to recover from the shock of the 2007-08 global financial crisis. Between 2008-09, as the fallout of the near total collapse of major markets took hold, the unemployment rate jumped from 5 to 5.6 per cent.&nbsp;

Damian Grimshaw, the ILO's head of the investigation, told EFE that while the number of jobs was generally increasing worldwide, the quality of those jobs was not necessarily improving.&nbsp;

Gender continued to present a real issue.

"The much lower labour force participation of women, which stood at 48 per cent, compared with 75 per cent for men, means that around three in five of the 3.5 billion people in the global labour force were men," the report said.&nbsp;

"After a period of rapid improvement that lasted until 2003, subsequent progress on closing the gender gap in participation rates had stalled," the report added.&nbsp;

Moreover, 2 billion of the 3.3 billion people in the global labour market worked in informal employment which put their economic security at risk, according to figures in 2016.&nbsp;

"The poor quality of many jobs also manifests itself in the fact that, in 2018, more than one-quarter of workers in low- and middle-income countries were living in extreme or moderate poverty," the report said.&nbsp;

"Being in employment does not always guarantee a decent living. Many workers find themselves having to take up unattractive jobs that tend to be informal and are characterized by low pay and little or no access to social protection and rights at work," it added.&nbsp;

ILO said that in-work poverty rates in middle-income countries had declined in recent years, however.&nbsp;

Global unemployment among young people (between 15-24) stood at 11.8 per cent, higher than other age brackets.&nbsp;

The organization expressed its alarm at the high level of young people not in employment, education or training (NEET).&nbsp;

In 2018, 30 per cent of women in the youth age bracket and 13 per cent of men were classified as NEET.&nbsp;

"In line with a stable aggregate unemployment rate, the outlook for men, women and young people with regard to opportunities on the job market is also very stable," the report said.&nbsp;

"This means that neither the above-mentioned gender disparities nor the labour market challenges faced by young people are expected to abate in the coming year."&nbsp;

It said the youth participation in the labour market had been declining steadily for the last 25 years, although highlighted that one factor for this was that more young people were entering further education.

It warned, however, that the increasing number of inactive people in this sense in comparison to the number of active people in the labour market could pose future challenges on how the market is organized.&nbsp;

On a pessimistic note, the ILO said it had registered around 114 million children aged between 5-14 involved in the global labour market, 73 million of whom were working in hazardous conditions, according to data from 2016.&nbsp;

"Worldwide, this translates into an incidence of child labour of almost one in 10 children – a truly alarming statistic," is said.&nbsp;

Although those figures were dropping year-on-year, the drop was not consistent with the United Nations' program to eliminate child labour and exploitation by 2025.

Global unemployment levels fell one per cent to a steady 5 per cent in 2018, the lowest figures since the economic crisis that wreaked havoc on labour markets, the International Labour Organization (ILO), said in a report published Wednesday.

Global unemployment levels fell one per cent to a steady 5 per cent in 2018, the lowest figures since the economic crisis that wreaked havoc on labour markets, the International Labour Organization (ILO), said in a report published Wednesday. The "World Employment and Social Outlook Trends 2019" report said unemployment rates were anticipated to fall further to 4.9 per cent this year, which is expected to hold steady into 2020 despite the fact that the number of jobless in real terms is estimated to rise from 172 million to 174 million in that time as the labour market expands. The ILO, a United Nations agency that this year marked its centenary, lamented the fact it had taken nine years to recover from the shock of the 2007-08 global financial crisis. Between 2008-09, as the fallout of the near total collapse of major markets took hold, the unemployment rate jumped from 5 to 5.6 per cent. Damian Grimshaw, the ILO's head of the investigation, told EFE that while the number of jobs was generally increasing worldwide, the quality of those jobs was not necessarily improving. Gender continued to present a real issue. "The much lower labour force participation of women, which stood at 48 per cent, compared with 75 per cent for men, means that around three in five of the 3.5 billion people in the global labour force were men," the report said. "After a period of rapid improvement that lasted until 2003, subsequent progress on closing the gender gap in participation rates had stalled," the report added. Moreover, 2 billion of the 3.3 billion people in the global labour market worked in informal employment which put their economic security at risk, according to figures in 2016. "The poor quality of many jobs also manifests itself in the fact that, in 2018, more than one-quarter of workers in low- and middle-income countries were living in extreme or moderate poverty," the report said. "Being in employment does not always guarantee a decent living. Many workers find themselves having to take up unattractive jobs that tend to be informal and are characterized by low pay and little or no access to social protection and rights at work," it added. ILO said that in-work poverty rates in middle-income countries had declined in recent years, however. Global unemployment among young people (between 15-24) stood at 11.8 per cent, higher than other age brackets. The organization expressed its alarm at the high level of young people not in employment, education or training (NEET). In 2018, 30 per cent of women in the youth age bracket and 13 per cent of men were classified as NEET. "In line with a stable aggregate unemployment rate, the outlook for men, women and young people with regard to opportunities on the job market is also very stable," the report said. "This means that neither the above-mentioned gender disparities nor the labour market challenges faced by young people are expected to abate in the coming year." It said the youth participation in the labour market had been declining steadily for the last 25 years, although highlighted that one factor for this was that more young people were entering further education. It warned, however, that the increasing number of inactive people in this sense in comparison to the number of active people in the labour market could pose future challenges on how the market is organized. On a pessimistic note, the ILO said it had registered around 114 million children aged between 5-14 involved in the global labour market, 73 million of whom were working in hazardous conditions, according to data from 2016. "Worldwide, this translates into an incidence of child labour of almost one in 10 children – a truly alarming statistic," is said. Although those figures were dropping year-on-year, the drop was not consistent with the United Nations' program to eliminate child labour and exploitation by 2025.

Global unemployment rate low but gender gap, low pay still haunts: ILO

The global <a href="http://www.wionews.com/world/unemployment-major-challenge-facing-india-imf-127132">unemployment</a> rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty.&nbsp;

Unemployment around the world fell last year to 5.0 percent — from 5.1 percent in 2017 — for the first time dropping to the level seen before the global financial crisis hit in 2008, the International Labour Organisation said.

But in its flagship "World Employment and Social Outlook" trends report, the ILO also raised serious red flags about the health of the planet's job market.&nbsp;

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Deborah Greenfield, ILO's deputy director-general, told journalists in Geneva that the decline in global unemployment "is projected to stall", amid "uncertainty on many fronts," and a "deteriorating economic outlook".

The UN agency said it expected the jobless rate to remain at roughly the same level this year and in 2020, although the number of unemployed people should swell by two million to a total of 174 million next year as a result of the expanding labour force.

In particular, the report highlighted the hundreds of millions of people who remain poor despite holding one or more jobs.

In fact, it found that a majority of the 3.3 billion people employed around the globe last year suffered a "lack of material well-being, economic security, equal opportunities or scope for human development."

"Being in employment does not always guarantee a decent living," ILO research director Damian Grimshaw said in a statement, pointing out that "a full 700 million people are living in extreme or moderate poverty despite having employment."

The report found that a full 61 percent of all workers worldwide, or two billion people, are in so-called informal employment, with little to no social and contractual protections.

Greenfield cautioned that some new and emerging business models, such as using new technologies to create temporary work through web-based platforms for things like ride-sharing services, could expand that number if not regulated properly.

"Without the right policy measures it could easily add to the informal labour force," she said.

Among other issues highlighted in the report was the lack of progress in closing the gender gap in labour force participation, especially in the Arab states, North Africa and southern Asia.

ILO found that just 48 percent of women are in the workforce, compared to 75 percent of men, meaning that around three in five employed people last year were men.

In the Arab states, for instance, the report found that the unemployment rate for men stood at 15.6 percent -- three times that for men.

The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty.

The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty. Unemployment around the world fell last year to 5.0 percent — from 5.1 percent in 2017 — for the first time dropping to the level seen before the global financial crisis hit in 2008, the International Labour Organisation said. But in its flagship "World Employment and Social Outlook" trends report, the ILO also raised serious red flags about the health of the planet's job market. The ILO also raised, in its flagship 'World Employment and Social Outlook' trends report, serious red flags about the health of the planet's job market × Deborah Greenfield, ILO's deputy director-general, told journalists in Geneva that the decline in global unemployment "is projected to stall", amid "uncertainty on many fronts," and a "deteriorating economic outlook". The UN agency said it expected the jobless rate to remain at roughly the same level this year and in 2020, although the number of unemployed people should swell by two million to a total of 174 million next year as a result of the expanding labour force. In particular, the report highlighted the hundreds of millions of people who remain poor despite holding one or more jobs. In fact, it found that a majority of the 3.3 billion people employed around the globe last year suffered a "lack of material well-being, economic security, equal opportunities or scope for human development." "Being in employment does not always guarantee a decent living," ILO research director Damian Grimshaw said in a statement, pointing out that "a full 700 million people are living in extreme or moderate poverty despite having employment." The report found that a full 61 percent of all workers worldwide, or two billion people, are in so-called informal employment, with little to no social and contractual protections. Greenfield cautioned that some new and emerging business models, such as using new technologies to create temporary work through web-based platforms for things like ride-sharing services, could expand that number if not regulated properly. "Without the right policy measures it could easily add to the informal labour force," she said. Among other issues highlighted in the report was the lack of progress in closing the gender gap in labour force participation, especially in the Arab states, North Africa and southern Asia. ILO found that just 48 percent of women are in the workforce, compared to 75 percent of men, meaning that around three in five employed people last year were men. In the Arab states, for instance, the report found that the unemployment rate for men stood at 15.6 percent -- three times that for men.

Global unemployment down, but too many working poor: UN

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