Source | economictimes.indiatimes.com | AFP
GENEVA: More than 470 million people worldwide are currently unemployed or underemployed, the UN said on Monday, warning that a lack of access to decent jobs was contributing to social unrest.
The global unemployment rate has remained relatively stable over much of the past decade, according to the UN’s International Labour Organization.
But while the rate — which stood at 5.4 percent last year — is not expected to change much, overall jobless numbers are likely to inch up as slowing economies reduce the number of jobs available to a growing population.
This year, the number of people registered as unemployed is expected to rise to 190.5 million up from 188 million in 2019, ILO said in its annual World Employment and Social Outlook report.