- The International Labour Organization’s World Employment and Social Outlook: the global unemployment rate is expected to decline in 2017
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20 January 2016
The International Labour Organization’s World Employment and Social Outlook: the global unemployment rate is expected to decline in 2017
The International Labour Organization (ILO) released its annual World Employment and Social Outlook report on Tuesday. The ILO said that the global unemployment rate is expected to decline to 5.7% in 2017 from 5.8% in 2014-16, driven by job creation in the U.S. and Europe.
The unemployment rate for developed economies declined to 6.7% in 2015 from 7.1% in 2014.
According to the ILO, emerging economies pose risk to the world of work.
"The significant slowdown in emerging economies coupled with a sharp decline in commodity prices is having a dramatic effect on the world of work," ILO Director-General Guy Ryder said.
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