Global unemployment to slightly fall in 2024, UN labour body says
- The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as inequalities in labour markets persist, the International Labour Organization said on Wednesday.
The revision is mainly due to lower-than-expected unemployment rates in China, India, and high-income countries reported so far this year, the agency said. Global economic growth has been slightly more robust than expected in the first months of 2024, particularly in the United States, while inflation has been decreasing, giving a breather to household incomes.
"This stabilisation in the macroeconomic environment is translating into a relatively stable labour market outlook," the ILO said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lollapalooza is one of the biggest music festivals: Where to buy tickets for 2024 concertsLollapalooza 2024 will be held Aug. 1-4, 2024, in Grant Park in Chicago, Illinois.
Read more »
Shoe Trends Straight From The Spring / Summer 2024 Runways 2024 / 2025 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Read more »
Roll Call, May 22, 2024: Former Alabama Swimming Coach Inducted Into ISHOF Class of 2024Former legendary Alabama swimming and diving coach Dennis Pursley will be inducted into the International Swimming Hall of Fame (ISHOF) in October as the organi
Read more »
2024 NFL Schedule Release Roundup: Everything to know about Buffalo Bills' 2024 slateHere’s everything you need to know about the Buffalo Bills’ 2024 NFL schedule.
Read more »
2024 NFL Schedule: Predicting the Jaguars' 2024 SlateWhat do we think the Jaguars' schedule could look like when it is released on Wednesday?
Read more »
2024-25 NFL predictions: 6 Over/Under bets to make for 2024 seasonColin Cowherd unveiled his best NFL win total future bets, including taking the Over on the Packers, and the Under on America's Team.
Read more »