UN agency report: 500 million people worldwide struggle to find adequately paid jobs
Approximately 500 million people around the world are trapped in poverty as they struggle to find work or a job that is adequately paid, according to a new report from the International Labour Organisation (ILO), a U.N. agency.
“For millions of ordinary people, it’s increasingly difficult to build better lives through work,” ILO Director-General Guy Ryder said in a statement.
“Persisting and substantial work-related inequalities and exclusion are preventing them from findings decent work and better futures. That’s an extremely serious finding that has profound and worrying implications for social cohesion.”
The U.N. agency noted that over 470 million people globally are affected by insufficiently paid work, and lack the employment opportunities that would meet their needs.
Out of a working-age population of 5.7 billion individuals across the globe, as much as 165 million people are employed but unable to find work with an adequate number of paid hours.
The report also said a further 119 million people had either abandoned actively searching for work or could not access the jobs market because of their personal situations.
In addition, the agency observed that unemployment is projected to increase by approximately 2.5 million in 2020.
Earlier in January, a U.N. report on the economy showed that developed countries are experiencing slow growth, and some African countries are stagnating. The consequence is that not enough new jobs are being created to absorb the growing labour force as it enters the market.
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