Global unemployment eased in 2018 – United Nations
- HRM Asia Newsroom
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According to the United Nationa (UN) report “World Employment and Social Outlook” global unemployment dropped last year compared to 2017.
However, the UN’s International Labour Organisation (ILO), expressed concerns that many jobs are failing to provide for a decent quality of life.
According to the ILO, an estimated 700 million workers worldwide are still gripped by poverty.
The report noted that global unemployment dipped last year to 5.0% from 5.1% in 2017, which was the first recorded fall in unemployment since the world was hit by the financial crisis in 2008.
Deborah Greenfield, the deputy director-general of the ILO, said that the decline in global unemployment is likely to stall given a deteriorating global economic outlook due increasing uncertainty “on many fronts”.
