Q. According to ILO, the Global Unemployment rate is expected to fall slightly to what percent in 2024?
Answer:
4.9%
Notes: The International Labour Organization (ILO) predicts a slight decrease in global unemployment, with a projected rate of 4.9 percent in 2024, contrary to previous forecasts of a rise. Despite this improvement, the agency warns of "slow progress" in addressing inequalities. The report indicates that the unemployment rate is expected to remain stable at 4.9 percent in 2025. This update offers a more optimistic outlook for global employment prospects in the coming years.