Answer: International Labour Organisation (ILO)
Notes: International Labour Organisation (ILO) has released the World Employment and Social Outlook Report for 2025. The report highlights ongoing global labor market struggles due to geopolitical tensions, climate change costs, and unresolved debt issues. The global jobs gap in 2024 was 402 million, including 186 million unemployed, 137 million temporarily unavailable, and 79 million discouraged workers. The global unemployment rate stood at 5%, with youth unemployment at 12.6%. Low-income countries face challenges creating decent jobs, with informal work returning to pre-pandemic levels. Labour force participation declined in low-income nations but increased among older workers and women in high-income countries, though gender gaps persist.
