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- As per ILO, the Global unemployment rate is expected to fall slightly to 4.9% in 2024.
- The global unemployment rate is expected to fall from 5.0% in 2023 to 4.9% in 2024.
- In January, the ILO estimated that unemployment would remain at 5.2%, driven by expected increases in unemployment in advanced economies.
- ILO lowered its unemployment rate due to lower-than-expected unemployment rates in China, India, and high-income countries.
- According to ILO, the unemployment rate will remain at 4.9% in 2025.
- The report found that 183 million people remain unemployed. The number of people without a job, who wanted to work stood at 402 million.
- For high-income countries, the rate stood at 9.7% for women and 7.3% for men.
- The report estimated that 45.6% of women of working age were employed in 2024.
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