India's unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country's economy hits the USD 5 trillion mark, fuelling a rise in employment, a new report said. Unemployment rate -- the percentage of people in the labour force who are without jobs …
India's unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country's economy hits the USD 5 trillion mark, fuelling a rise in employment, a new report said. Unemployment rate -- the percentage of people in the labour force who are without jobs …
India remains poised to take advantage of its demographic dividend with strong improvements in education levels, which are a key determinant of accessing better quality jobs. At the same time, youth’s aspirations are evolving, which needs to be matched with the type of employment available in the labour market. These …
India's unemployment rate dropped to 3.1 per cent in 2023 from 3.6 per cent in the preceding year, reflecting continued improvement in the labour markets, revealed the latest employment-unemployment indicators report released by the National Statistical Office (NSO). During the calendar year 2023 (CY23), the unemployment rate in both rural …
Considering the importance of availability of labour force data at more frequent time intervals, National Sample Survey Office (NSSO) launched Periodic Labour Force Survey (PLFS) in April 2017. On the basis of PLFS, Quarterly Bulletins are brought out, corresponding to different quarters of the survey period, giving estimates of labour …
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, according to a new International Labour Organization (ILO) report. The ILO’s World Employment and Social Outlook Trends: 2024 (WESO Trends) …
Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024. This latest forecast comes on the heels …
Considering the importance of availability of labour force data at more frequent time intervals, National Sample Survey Office (NSSO) launched Periodic Labour Force Survey (PLFS) in April 2017. The objective of PLFS is primarily twofold: To estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation …
Considering the importance of availability of labour force data at more frequent time intervals, National Sample Survey Office (NSSO) launched Periodic Labour Force Survey (PLFS) in April 2017. The objective of PLFS is primarily twofold: to estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation …
India has significantly expanded the share of workers with regular wages, narrowed caste-based segregation and reduced gender-based disparities in the workforce from the 1980s while challenges remain, said ‘State of Working India 2023’, a report released by Azim Premji University. The report draws on evidence from official data sources and …
SDG 8 integrates the economic, social and environmental dimensions of sustainable development. To achieve inclusive and sustainable economic growth for full employment and decent work, an integrated process is needed to drive balanced progress across these three dimensions. In its 2019 report Time to Act for SDG 8: Integrating Decent …
Eswatini’s economy has been characterized by persistent low growth, high fiscal deficits, and unprofitable state-owned enterprises (SOEs). Without significant reform, the country is unlikely to achieve its socioeconomic aspirations, and poverty and unemployment are likely to remain high. These problems are exacerbated by the difficult external environment, with subdued global …
This report relies on several data sources. The main source providing the poverty, inequality and labor figures herein is the 2019/20 Household Budget Survey (Inquérito sobre Orçamento Familiar, IOF2019/2020) conducted by the National Statistical Institute (Instituto Nacional de Estatística, INE) starting in November 2019 and spanning 13 months. The survey’s …
Mutually reinforcing crises, including rising debt levels, are disproportionately affecting developing countries, worsening the global employment divide between high-income and low-income countries and widening existing inequalities exacerbated by the COVID-19 pandemic, says this new ILO report. While global unemployment in 2023 is expected to fall below pre-pandemic levels – to …
Considering the importance of availability of labour force data at more frequent time intervals, National Sample Survey Office (NSSO) launched Periodic Labour Force Survey (PLFS) in April 2017. On the basis of PLFS, Quarterly Bulletins are brought out, corresponding to different quarters of the survey period, giving estimates of labour …
The second edition of the Global Employment Policy Review (GEPR) focuses on the issue of employment-centred macroeconomic policies for recovery and structural transformation. The Global Employment Policy Review (GEPR) is a biennial publication prepared by the Employment Policy Department of the International Labour Organization (ILO). The purpose of the GEPR …
In February 2023, Stock Market indicators from selected African markets, showed mixed trends on monthly and annual basis. On annual basis, stock market indices in Egypt, Nigeria, Tunisia and South Africa improved by respective rates of 52.6 percent, 17.7 percent, 13.6 percent and 2.2 percent in February 2023 compared to …
Essential workers who kept families, societies and economies going while the world was on COVID lockdown, need better pay and conditions urgently, if countries are to future-proof themselves from the next global crisis, UN labour experts said in this report. At the end of March 2020, 80% of the world’s …
Gender imbalances in access to employment and working conditions are greater than previously thought and progress in reducing them has been disappointingly slow in the last two decades, according to this new ILO brief. A new indicator developed by the ILO, the Jobs Gap, captures all persons without employment that …
The surge in violent extremism in sub-Saharan Africa undermines hard-won development gains and threatens to hold back progress for generations to come. The need to improve understanding of what drives violent extremism in Africa, and what can be done to prevent it, has never been more urgent. Against this backdrop …
In January 2023, out of 36 African currencies reviewed, 29 currencies depreciated against the USD on annual basis, while 7 currencies recorded appreciations (see Table 19). The highest currency depreciation against USD was recorded for the Zimbabwean Dollar at 57.5 percent. Of the seven currencies that recorded appreciations against the …
