The International Labour Organization released World Employment and Social Outlook Trends 2019 report. As per the report, unemployment rates will fall to 4.9% in 2019 and remains steady in 2020.
Among the age group 15-24 the global unemployment stood at 11.8% which is much higher than it is among other age groups. In the global labor market, 2 billion out of 3.3 billion people worked keeping their economic security at risk in informal employment.
Source: ILO
Static/Current Takeaways Important for NIACL AO Mains Exam:
- ILO Headquarter: Geneva, Switzerland, Director General: Guy Ryder, Formed: 1919.
