Global unemployment set to hold near-historical low of 5%, ILO says

GENEVA, Switzerland: Global unemployment has remained steady at a record low of five percent in 2024, with the International Labour Organization (ILO) predicting the rate will hold at this level through 2025.

However, the ILO's latest report warns that a slowing global economy may hinder further job creation and labor market recovery.

"The global economy continues to expand at a moderate rate, but it is