India, Jan. 22 -- Unemployment will rise by 2.5 million says International Labour Organization's World Employment and Social Outlook: 2020
In a new report, International Labour Organization (ILO) said global unemployment would increase by 2.5 million in 2020.
ILO released its latest survey, World Employment and Social Outlook: 2020 (WESO) on January 20, 2020. According to it, nearly half a billion people have no jobs or are underutilised or do not have decent jobs.
After being roughly stable for nearly nine years, the global economy is slowing and fewer new jobs are being created, leading to fewer jobs for the new entrants in the labour market.
Currently there are about 188 million people who are unemployed and another 165 million peopl...