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11th Edition of the World of Work Report
June 5 , 2023
543 days
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- The International Labour Organisation released its 11th annual report.
- Global unemployment is expected to fall below pre-pandemic levels to 5.3% or 191 million in 2023.
- Low-income countries in Africa and the Arab region are unlikely to recover to pre-pandemic levels of unemployment this year.
- For North Africa, the unemployment rate in 2023 is projected to be 11.2% compared to 10.9% in 2019.
- It is 6.3% for Sub-Saharan Africa as against 5.7% in 2019 and 9.3% for the Arab states as against 8.7% in 2019.
- Latin America and the Caribbean had the unemployment rate of 6.7% compared to 8% in 2019.
- Northern, southern and western Europe had the unemployment rate of 6.3% vis-a-vis 7% in 2019.
- Central and Western Asia has unemployment rate of 7.8% as against 9.2% in 2019.
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