ILO warns quality of jobs is sliding for global workforce

GENEVA: Global progress in tackling unemployment and the employment gender gap is stalling and the quality of jobs is getting worse, the International Labour Organization said in an annual report on Wednesday.

Global unemployment fell by 2 million to 172 million in 2018, finally returning to the 5pc global unemployment rate last seen before the global financial crisis a decade ago.

The rate is expected to improve to 4.9pc this year and remain at that level until 2022, as high-income countries see further falls in unemployment. However, the headline figure masks some worrying trends, the ILO said.

“A deteriorating economic outlook is already affecting some emerging economies and this is raising unemployment rates,” ILO Deputy Director-General Deborah Greenfield told a news conference.

Article continues after this advertisement

ILO Research Director Damian Grimshaw said 2 billion people, or 61pc of the global workforce, were in informal employment, typically vulnerable jobs with low pay and no social protection. In most countries, more than half of the agricultural workforce was in such jobs, the report said.

Governments worldwide have signed up to the United Nations’ Sustainable Development Goals, including a goal of attaining what it terms “decent” work for all by 2030. That goal seemed unrealistic for many countries, the report said.

The figures for informal employment showed it included more men in higher-income countries and more women in poorer countries.

Women overall were much less likely to be in the global labour market, with a 48pc labour force participation rate compared to 75pc for men.

“The closing of the gender gap has stalled and this is definitely a cause for worry,” Greenfield said. “Women also faced a higher risk of unemployment in many regions and earn significantly less than men when they are in employment.”

Even advanced economies such as the Nordic countries were struggling to close the gender gap, she said.

The report also showed that the proportion of the global population in the labour market was shrinking, because people were living longer and more were retired, while young people were staying in education longer.

- Advertisement -
- Advertisement -

Must Read

Pak-Vietnam talks on PTA to be held in November: envoy

ISLAMABAD: Vietnam's Ambassador to Pakistan Nguyen Tien Phong on Wednesday said that talks on further progress on the proposed Preferential Trade Agreement (PTA) between...