2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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187 million
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180 million
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288 million
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188 million
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Detailed explanation-1: -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-2: -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-3: -The ILO’s World Employment and Social Outlook: Trends 2023 report, released on Monday, projects the global employment growth tobe only 1% in 2023, less than half the level in 2022. This would lead to an addition of around 3 million jobs to 208 million. The global unemployment rate has been pegged at 5.8%.