![]() ![]() Global unemployment is projected to edge up slightly in 2023, by around 3 million, to reach 208 million, corresponding to an unemployment rate of 5.8%. Despite an uncertain global economic outlook, unemployment is projected to increase only moderately, as a large part of the shock is being absorbed by falling real wages in an environment of accelerating inflation. ![]() Target 8.5: The global unemployment rate declined significantly in 2022, falling to 5.8% from a peak of 6.9% in 2020 as economies began recovering from the shock of the COVID-19 pandemic.However, this calculation is only based on average hourly earnings, thus not controlling for characteristics such as the sector or occupation, educational level or amount of work experience. The median gender pay gap across 102 countries is approximately 14%. Target 8.5: Equal treatment in employment, including fair and equitable earnings, is fundamental for achieving decent work for all. ![]() The subsequent recovery from COVID-19 has been driven by informal employment, which has caused a slight increase in the incidence of informality. The pandemic resulted in a disproportionate job loss for informal workers, particularly for women, in 2020. Prior to the onset of the pandemic, the incidence of informal employment had been slowly declining and stood at 57.8% in 2019.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |