ILO: Global unemployment expected to rise by 3.4 million in 2017

  • 2/5/2023
  • 14:31
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Geneva, Rabi'II 15, 1438, Jan 13, 2017, SPA -- The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 representing an increase of 3.4 million in the number of jobless people, a new ILO report shows. The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million – with an additional rise of 2.7 million expected in 2018 – as the pace of labour force growth outstrips job creation. “We are facing the twin challenge of repairing the damage caused by the global economic and social crisis and creating quality jobs for the tens of millions of new labour market entrants every year,” said ILO Director-General, Guy Ryder. --SPA 13:10 LOCAL TIME 10:10 GMT www.spa.gov.sa/w311785

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