CURRENT AFFAIRS

Detailed explanation-1: -The global unemployment rate has been pegged at 5.8%. “The moderate size of this projected increase is largely due to tight labour supply in high-income countries,” ILO said, adding this would mark a reversal of the decline in global unemployment seen between 2020-2022.

Detailed explanation-2: -The share of youth not in employment, education or training in 2020 – the latest year for which a global estimate is available – rose to 23.3 percent, up 1.5 percentage points from 2019 to a level not seen in at least 15 years. The global youth unemployment rate is projected to be 14.9 percent in 2022.

Detailed explanation-3: -The International Labour Organization (ILO) published its flagship report titled, ‘World Employment and Social Outlook – Trends (WESO Trends) 2022.

Detailed explanation-4: -Unemployment Rate In India State Wise 2022 The figures on the CMIE website indicated that while the urban unemployment rate rose to 10.09% in December from 8.96% the previous month, the rural jobless rate decreased to 7.44% from 7.55%.

Detailed explanation-5: -Youth unemployment rate in India in 2021 In 2021, the estimated youth unemployment rate in India was at 28.26 percent. According to the source, the data are ILO estimates. For the past decade, India’s youth unemployment rate has been hovering around the 22 percent mark.