The International Labor Organization (ILO), an agency of the United Nations, has reduced its global employment prediction for 2025 and says: “The world economy is growing at a slower pace than we had expected.”
In his latest edition of his World Employment and Trends for Social Properties Report, the ILO predicted 7 million fewer jobs in 2025 worldwide, for a total of 53 million jobs, decrease of 60 million – based on economic growth projections of the World Economic Outlook of the International Monetary Fund (IMF) April 2025.
The figures translate into a slower total employment growth all over the world in 2025, to 1.5% of 1.7%; and a lower expected GDP growth of 2.8%, against earlier predictions of 3.2%.
“Our report now tells us that if geopolitical tensions and trade disruptions will continue, and if we do not answer fundamental questions that reform the world of work, they will certainly have negative ripple effects on labor markets worldwide,” ILO Director-General Gilbert F. Houngbo said in a rack.
The report showed that the United States were a driving factor in the worldwide growth of employment, with 84 million jobs in 71 countries “directly or indirectly connected to the American consumer demand, now increasingly the risk of disturbance due to increased trading tensions.” Of those 84 million jobs, 56 million are in the Asia-Pacific region. Canada and Mexico, however, have the highest part of the jobs (17.1%) that are exposed to trade disturbance.
The report makes some recommendations: Houndgbo said that countries and employers can make a difference “by strengthening social protection, investing in the development of skills, promoting social dialogue and building inclusive labor markets to ensure that technological change all.”
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