ILO projects global unemployment rate to increase in 2024
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00:00 A report from the International Labour Organization, or ILO, showed global unemployment rate is
00:06 set to increase in 2024.
00:08 Despite this, ILO said many markets around the world have shown resilience to less-than-ideal
00:14 economic conditions.
00:16 Thus, recovery from the pandemic will still continue to be uneven as conditions differ
00:21 for every nation.
00:23 The 2023 global unemployment rate stands at 5.1 percent, which is just a modest improvement
00:30 from 2022's 5.3 percent.