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World Employment and Social Outlook Report 2025
January 20 , 2025
8 hrs 0 min
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- The International Labour Organization’s (ILO) has released a report - World Employment and Social Outlook: Trends 2025 - in Geneva.
- In 2024, the report said, global employment grew in line with the labour force, keeping the unemployment rate steady at 5%.
- However, the youth unemployment showed little improvement, remaining high at 12.6%.
- Economic growth stood at 3.2% in 2024, down from 3.3 and 3.6% in 2023 and 2022, respectively.
- The estimated number of people who want to work but do not have a job – reached 402 million in 2024.
- This includes 186 million unemployed people, 137 million who are temporarily unavailable to work, and 79 million discouraged workers who have stopped looking for jobs.
- The rates of young people not in education, employment, or training (NEET) have risen.
- In low-income countries, the young men’s NEET rates increased by 4 percentage points above pre-pandemic levels.
- It is affecting 15.8 million young men and 28.2 million young women in 2024.
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