Too many working poor: UN | The Daily Star
12:00 AM, February 14, 2019 / LAST MODIFIED: 12:08 AM, February 14, 2019

Too many working poor: UN

The global unemployment rate inched down last year, the UN said yesterday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty.

Unemployment around the world fell last year to 5.0 percent -- from 5.1 percent in 2017 -- for the first time dropping to the level seen before the global financial crisis hit in 2008, the International Labour Organization said.

But in its flagship "World Employment and Social Outlook" trends report, the ILO also raised serious red flags about the health of the planet's job market.

Deborah Greenfield, ILO's deputy director-general, told journalists in Geneva that the decline in global unemployment "is projected to stall", amid "uncertainty on many fronts," and a "deteriorating economic outlook".

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Type START <space> BR and send SMS it to 22222

Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News