World Employment and Social Outlook: Trends 2024

Labour markets have shown surprising resilience despite deteriorating economic conditions, but recovery from the pandemic remains uneven as new vulnerabilities and multiple crises are eroding prospects for greater social justice.

The report reveals a complex global employment scenario. It forecasts a slight increase in global unemployment in 2024, signalling emerging labour market challenges. The report highlights disparities between high and low-income countries, noting higher unemployment and poverty rates in lower-income nations. It also points out that a significant portion of the global workforce remains in informal employment.

Key concerns include worsening income inequality and the impact of inflation on real incomes, especially in G20 countries. The report underscores the need for policy interventions focused on social justice to ensure a fair and sustainable global economic recovery.

Additional details

Author(s)

  • ILO

References

  • ISBN: 9789220400418 (print)
  • ISBN: 9789220400425 (web PDF)

Related content

World Employment and Social Outlook: Trends 2024
Placeholder image

Executive Summary

World Employment and Social Outlook: Trends 2024

Global unemployment rate set to increase in 2024 while growing social inequalities raise concerns, says ILO report
Placeholder image

WESO Trends 2024

Global unemployment rate set to increase in 2024 while growing social inequalities raise concerns, says ILO report

World Employment and Social Outlook: May 2024 Update
Näherinnen stehen neben einer Reihe von Nähmaschinen in einer Bekleidungsfabrik in Lesotho.

WESO Trends - May 2024 update

World Employment and Social Outlook: May 2024 Update