Shafaq News / The International Labour Organization (ILO) warned on Wednesday of a slight increase in the global unemployment rate in 2024, expressing concern about declining productivity, worsening inequality, and inflation leading to an erosion of available income. Global unemployment rates dropped from 5.3% in 2022 to 5.1% in 2023. However, it is anticipated that an additional one million workers will be seeking jobs in 2024, contributing to a rise in the rate to 5.2%, according to the ILO's report on global employment trends and social outlooks for 2024. The United Nations agency pointed out that economic recovery post-COVID-19 had slowed due to geopolitical tensions and persistent i
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