ILO Lowers Job Creation Forecast for 2025

Geopolitical tensions threaten global job growth – ILO

Global employment forecast downgraded by up to 7 million jobs in 2025, amid rising uncertainty.

For 2025 it projects the creation of 53 million jobs instead of the previously estimated 60 million, indicating a reduction in the estimate of global employment growth from 1.7 per cent to 1.5 per cent this year, notes a new report by the International Labour Organization (ILO), published on Wednesday, which indicates the impact of global economic prospects on labour markets.The entry ILO Report: Global employment prospects are reduced by seven …

DOBLE LLAVE – The International Labour Organisation (ILO) reduced its prospects for global job creation by 2025 from 60 million to 53 million jobs, due to uncertainty caused by geopolitical and trade tensions. The new figure, which in relative terms would mean employment growth of 1.5% (instead of the 1.7 % previously forecast) has been calculated after the International Monetary Fund (IMF) also revised downwards the increase in world GDP for th…

Low global economic growth is shaking up prospects for new job creation in 2025. According to a new report from the International Labour Organization, ILO, the previous estimate of 60 million new jobs has been downgraded to 53 million. Falling GDP and geopolitical tensions The reduction is a reflection of a growth in […]

ILO lowers job creation forecast for 2025

The International Labour Organization (ILO) has lowered its global employment forecast for 2025, projecting the creation of 53 million jobs instead of the previously estimated 60 million. This translates into a reduction in global employment growth from 1.7% to 1.5% this year, In its latest report, the United Nations agency said that the drop, equivalent to around seven million fewer additional jobs, reflects a downgraded global economic outlook…