World Employment and Social Outlook, 2025 Report

The International Labour Organization (ILO) has released its World Employment and Social Outlook: Trends 2025 report, highlighting key global labor market trends and challenges.

• Global unemployment remains at 5% in 2024, showing stability but with high youth unemployment (12.4% for young men, 12.3% for young women).
• Global economic growth slowed to 2% in 2024, with a continued deceleration expected.
• Key challenges for labor markets: geopolitical tensions, rising climate change costs, and unresolved debt issues.
• The ILO, founded in 1919, is the only tripartite UN agency, with 187 member states, focused on labor standards, policy creation, and promoting decent work.
• The ILO’s headquarters is in Geneva, Switzerland.