CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to World Employment and Social Outlook report of ILO, in 2020 number of people registered as unemployed is expected to rise to?
A
150 million
B
190.5 million
C
235.2 million
D
312.9 million
Explanation: 

Detailed explanation-1: -in 2020, with the unemployment rate rising by 1.1 percentage points to 6.5 per cent.

Detailed explanation-2: -According to the ILO database, India’s unemployment rate rose between 2008 (5.36%) and 2010 (5.65%), and then fell between 2013 (5.67%) and 2019 (5.27%). It then rose sharply to 7.11% in 2020. Globally, the average unemployment rate was 6.47% in 2020, up from 5.37% in 2019.

Detailed explanation-3: -There are unemployment rates declined to 6.5% in January 2021.

Detailed explanation-4: -“The total global number of unemployed youth is estimated to reach 73 million in 2022, a slight improvement from 2021 (75 million), but still six million above the pre-pandemic level of 2019, ” the report said.

Detailed explanation-5: -1. The International Labour Organisation (ILO) measure of unemployment from the Labour Force Survey (LFS), which essentially captures people who are currently not working, but are available for work.

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