News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
29
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
The Stage
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
29
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Global unemployment rate set to increase in 2024: ILO report
World News
2024-01-10 | 11:54
High views
Share
Share
2
min
Global unemployment rate set to increase in 2024: ILO report
The International Labor Organization (ILO) released a report titled "World Employment and Social Outlook Trends: 2024 (WESO Trends)," which indicates that the global unemployment rate is set to rise from 5.1 percent in 2023 to 5.2 percent in 2024.
According to the report, the unemployment and jobs gap rates, representing the number of individuals seeking employment, have fallen below pre-pandemic levels. The global unemployment rate in 2023 was 5.1 percent, a slight improvement from 2022.
However, the report identifies emerging fragility beneath these positive indicators, projecting a worsening outlook for the labor market and global unemployment in 2024.
The forecast anticipates an additional two million workers seeking jobs, pushing the global unemployment rate to 5.2 percent.
"Despite lower unemployment and positive employment growth, real wages declined in most G20 countries as wage increases failed to keep pace with inflation," the report stated.
Significant disparities persist between higher and lower-income countries. In 2023, the jobs gap rate in high-income countries was 8.2 percent, compared to 20.5 percent in low-income nations.
Similarly, the unemployment rate in 2023 was 4.5 percent in high-income countries and 5.7 percent in low-income countries.
Despite a decline since 2020, working poverty is expected to persist, with an increase in the number of workers living in extreme and moderate poverty in 2023.
In addition, the report highlights a widening income inequality, warning that the erosion of real disposable income poses challenges for aggregate demand and a sustained economic recovery.
World News
Unemployment
Rate
International Labor Organization
Report
Wages
Income
Next
Italy refuses extradition of Palestinian to Israel over rights fears
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:08
Securing nomination: Can Harris secure Michigan delegates for Democratic nomination?
News Bulletin Reports
13:08
Securing nomination: Can Harris secure Michigan delegates for Democratic nomination?
0
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
0
World News
11:37
France’s train network hit by arson attacks hours before Olympic ceremony
World News
11:37
France’s train network hit by arson attacks hours before Olympic ceremony
0
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
0
World News
2024-06-21
Uganda signs deal with UAE to build new international airport
World News
2024-06-21
Uganda signs deal with UAE to build new international airport
0
World News
2024-05-15
Trump's Boeing 757 clipped corporate jet at West Palm Beach airport, Reuters source says
World News
2024-05-15
Trump's Boeing 757 clipped corporate jet at West Palm Beach airport, Reuters source says
0
Middle East News
2024-07-19
One dead in Tel Aviv explosion: emergency services to AFP
Middle East News
2024-07-19
One dead in Tel Aviv explosion: emergency services to AFP
Videos
d-none hideMe
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
0
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
0
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
0
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
0
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
0
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
0
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
2
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
3
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
4
Lebanon Economy
02:19
Fuel prices decrease in Lebanon
Lebanon Economy
02:19
Fuel prices decrease in Lebanon
5
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
6
World News
06:12
Airport at Franco-Swiss border evacuated for 'security reasons'
World News
06:12
Airport at Franco-Swiss border evacuated for 'security reasons'
7
World News
00:55
Harris urges Netanyahu to alleviate Gaza's suffering: 'I will not be silent'
World News
00:55
Harris urges Netanyahu to alleviate Gaza's suffering: 'I will not be silent'
8
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More