Why is it in the news?
→ International Labour Organization released Employment and Social Trends 2026 Report.
→ Global unemployment rate estimated at 4.9% in 2025.
Category: Economy
Important Points
- The global unemployment rate stood at 4.9% in 2025.
- Extreme working poverty declined only 3.1 percentage points (2015–2025) to 7.9% (284 million workers).
- In low-income countries, 68% workers lived in extreme or moderate poverty in 2025.
- Informal employment is projected at 2.1 billion workers by 2026.
- Jobs gap estimated at 408 million; 186 million unemployed forecast in 2026.
- Youth unemployment rose to 12.4% in 2025; 257 million youth classified as NEET.
- Women account for only two-fifths of global employment.
- Global labour income share declined to 52.6% in 2025.
- AI threatens high-skilled entry-level jobs; trade policy uncertainty risks wages and employment.
- 465 million jobs depended on foreign demand in 2024.
- India’s global manufacturing share reported at 3% (China 27%, US 17%).
- India among the highest growth economies in Asia-Pacific.
- India making headway in renewable energy jobs; green talent gap persists.
- ILO founded in 1919; became the first UN specialised agency in 1946; Nobel Peace Prize in 1969.