GENEVA (Reuters) – The global unemployment rate has stabilized after declining for nine years since the crisis, the International Labour Organization (ILO) said on Monday, and it could edge up next year as the world economy slows.
The rate stood unchanged at 5.4% in 2019, or 188 million people, and is expected to remain there in 2020 and rise to 5.5% in 2021, the ILO said in its annual report.
Decline - Unemployment - Rate - Halt - World
“This means that the gradual decline of the unemployment rate observed between 2009 and 2018 appears to have come to a halt,” it said, citing a world economic slowdown, especially in manufacturing.
Even for those with jobs, it is becoming harder for many to live better lives, or exit poverty, a trend Director-General Guy Ryder described as “extremely worrying” with “very profound and worrying implications for social cohesion”.
Persisting - Inequalities - Exclusion
“Persisting and substantial work-related inequalities and exclusion have prevented...
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