Global Unemployment Holds Steady At Historic Low Of 5%
Allwork
JANUARY 16, 2025
Global unemployment remained steady last year at an historical low of 5%, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday. However, the Geneva-based body said that a global economic slowdown from 3.3% to around 3.2% last year, and a gradual deceleration over the medium term, will limit job creation. “The global economy continues to expand at a moderate rate, but it is projected to gradually lose steam, preventing a stronger and more durab
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