CURRENT AFFAIRS

Detailed explanation-1: -The global unemployment stood at 205 million in 2022.

Detailed explanation-2: -Data from the first quarter of 2022 show an average unemployment rate in the region of 7.9 per cent, an employment rate of 57.2 per cent, and a labour force participation rate of 62.1 per cent.

Detailed explanation-3: -In 2022, 27.4 % of young women globally are projected to be in employment, compared to 40.3 % of young men. Covid-19 Pandemic has worsened the numerous labour market challenges facing those aged between 15 and 24 years, who have experienced a much higher percentage loss in employment than adults since early 2020.

Detailed explanation-4: -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.

Detailed explanation-5: -Published: Monday 02 January 2023 This is a marked increase from January 2022 when the unemployment rate was 6.56 per cent and is also higher than the level recorded in November 2022 (8 per cent). The overall unemployment rate is the worst in 16 months, an analysis of data from the CMIE dashboard showed.