World Employment and Social Outlook

Table of Contents☰

It provides a detailed analysis of the state of global labour markets, highlighting key trends and challenges.
It explores issues such as the slowdown in labour market recovery, the persistence of youth unemployment, and the widening global jobs gap.

Key highlights of the report

In 2024, global employment grew in line with the labour force, keeping the unemployment rate steady at 5%.
Geopolitical tensions, the rising costs of climate change and unresolved debt issues are the challenges before the recovery and the reasons for putting labour markets under pressure.
The labour force participation rates have dropped in low-income countries while increasing in high-income nations, mainly among older workers and women, the report pointed out.
The report urged member countries
- To boost productivity, invest in skills training, education and infrastructure to support economic growth and job creation.
- Expand social protection: provide better access to social security and safe working conditions to reduce inequality.
- Use private funds effectively: low-income countries can harness remittances and diaspora funds to support local development.

The International Labour Organization (ILO) will publish its World Employment and Social Outlook: Trends 2025 (WESO Trends). This report provides a detailed analysis of the state of global labour markets, highlighting key trends and challenges.

Source: TH