7 million new jobs will evaporate this year because of trade war, UN predicts
- The United Nations predicts that 7 million jobs will vanish this year due to an economic slowdown caused by US President Donald Trump's trade war.
- The International Labour Organization estimates that 53 million jobs will be created worldwide in 2025, which is 7 million fewer than expected due to trade disruptions.
- The International Labour Organization reports that nearly 84 million jobs in 71 countries are at risk due to US consumer demand being affected by tariffs.
- Ongoing geopolitical tensions and trade disruptions could significantly harm global labor markets.
27 Articles
27 Articles
The UN predicts that 7 million new jobs would be lost this year due to the trade war By Anna Cooban, CNN A UN report indicates that millions of potential jobs would disappear this year due to an economic slowdown caused by the US President Donald Trump's trade war. The International Labour Organization (ILO), a UN agency, predicts in a report published on Wednesday that 53 million jobs will be created worldwide by 2025 — 7 million less than prev…
The trade war will cost 7 million jobs in 2025, according to a UN report. Here’s the breakdown
The International Labor Organization (ILO), an agency of the United Nations, has downgraded its global employment forecast for 2025, saying “the global economy is growing at a slower pace than we had anticipated.” In its latest edition of its World Employment and Social Outlook Trends report, the ILO forecast 7 million less jobs would be created in 2025 globally, for a total of 53 million jobs, down from 60 million—based on economic growth proje…
Madrid. The International Labour Organization (ILO) revised its global job creation projection for 2025 downwards, now estimating 53 million new jobs, instead of the originally planned 60 million. The adjustment responds to the deterioration of economic prospects, influenced by geopolitical tensions and disruptions in international trade. In its report Update of the World Social and Employment Outlook, the ILO warns of a reduction of seven milli…
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