Focus Merit

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

According to UN’s International Labour Organization report – Global unemployment is projected to increase by around 5 million in 2020. Almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work.

The World Employment and Social Outlook: Trends 2020 (WESO) report has been released and it 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.