Unemployment to rise in 2023, warns International Labor Organization

unemployment According to International Labor Organization (ILO) forecasts, the number of cases worldwide will increase slightly in 2023, affecting 3 million more people than in the previous year.

So the speed unemployment it would reach 5.8% in the world, that is, there would be 208 million unemployed.

However, it is noted that the figure could be higher. In total, there will be 473 million unemployed this year, including people who want to work but are not actively looking for work, either because they are not motivated or because they have to take on other responsibilities, such as caregiving duties.

“This expected modest growth is largely due to low labor supply in high-income countries.” incomewarns the ILO.

At the same time, it is estimated that there will still be 16 million more unemployed than before the COVID-19 pandemic.

This situation, they warn, will force more workers accept low-quality jobs with low pay and lack of job security and social protection, exacerbating inequalities exacerbated by the pandemic crisis.

The ILO adds that this deterioration in the labor market is mainly due to new geopolitical tensions and conflict in Ukraine, as well as an uneven recovery from the pandemic and frequent disruptions in supply chains around the world.

Globally, women’s participation in work force it reached 47.4% in 2022, compared to 72.3% for men. This means that for every economically inactive man, there are two women in the same situation.

With regard to young people, the ILO indicates that more than one in five under the age of 24 is not working or studying.