• India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
More
Hindi Tamil Telugu
More
In the news
Narendra Modi
Amit Shah
Box Office Collection
Bharatiya Janata Party (BJP)
OTT releases
Hindi Tamil Telugu
User Placeholder

Hi,

Logout

India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
Home / News / World News / Unemployment expected to rise globally in 2017
Next Article
Unemployment expected to rise globally in 2017

Unemployment expected to rise globally in 2017

By Ramya Patelkhana
Jan 15, 2017
08:00 am

What's the story

International Labour Organization launched 'World Employment and Social Outlook - Trends 2017' providing forecasts for global unemployment in 2017 and 2018.

Globally, the number of unemployed people is expected to increase in 2017 due to slow growth, political and economic uncertainty, and lack of investment.

Unemployment is increasing in major emerging economies, especially those relying on commodity exports like Russia, Brazil, and South Africa.

Unemployment Rate

Global unemployment to increase by 3.4 million people

According to ILO's report, the global unemployment is forecast to jump by 3.4 million people this year, taking the total to around 201 million.

ILO Director-General Guy Ryder said the figure corresponds to a rise in the global unemployment rate from 5.7% in 2016 to 5.8% in 2017.

He added, "This is a tendency driven by deteriorating labor market conditions, particularly in emerging countries."

You're
16%
through

Quote

ILO Director-General Guy Ryder's statement

Guy Ryder stated: "We have a situation in which, despite relatively high cash holdings, companies seem uncertain about investment. Investment levels are not where they need to be."

You're
33%
through

Migration

Unemployment to remain stubbornly high in Europe, Canada, US

Noting the intentions of the incoming US administration of Donald Trump were a "major cause of uncertainty", Ryder said globalization and trade liberalization are increasingly questioned.

The report said that long-term unemployment would remain "stubbornly high" in Europe, Canada, and the US.

Social unrest along with a lack of decent wages at the same time is prompting job seekers to move from developing regions.

You're
50%
through

Essential

Migration is an essential part of the world of work

Ryder asserted migration is an essential part of the world of work, stimulating future growth, sharing prosperity, and making the global economy more inclusive.

He also added "the irony, dilemma, paradox of our time" is that at a point when the global economic case for migration has probably never been stronger, the social and political obstacles to migration seem to become even higher.

You're
66%
through

Quote

Major commodity-exporting economies hardest-hit

Major commodity-exporting economies are hardest-hit by insufficient jobs. ILO Senior Economist Steven Tobin said: "We note an increase in the unemployment rate in the Russian Federation, South Africa, Brazil and some leveling off at least in Saudi Arabia and again also in Indonesia."

You're
83%
through

Recession

Sub-Saharan Africa amidst its lowest growth level

According to ILO's report, because of the recent global recessions Latin America and the Caribbean regions remain scarred.

Sub-Saharan Africa is in the midst of its lowest level of growth in over two decades.

Also, the unemployment rate in Latin America is set to increase by 0.3% to reach 8.4% in 2017, largely because of the slowdown in the continent's largest economy, Brazil.

Done!
Facebook
Whatsapp
Twitter
Linkedin
Related News
Latest
Russia News
South Africa
International Labour Organization
United States of America

Latest

Liverpool sign Jeremie Frimpong from Bayer Leverkusen: Decoding his stats Bayer Leverkusen
2025 French Open: Carlos Alcaraz survives scare to reach R16 Carlos Alcaraz
'Maa,' 'Housefull 5,' and more Indian movies releasing in June  Bollywood
'Ballerina,' 'F1,' and more Hollywood movies releasing in June  Hollywood

Russia News

Google introduces security warnings for Gmail users Technology
Last Russian athlete suspended from Rio Games International Olympic Committee (IOC)
Syria peace agreement in the coming days John Kerry
Russian Legislative Elections: Putin-backed United Russia's big victory Liberal Democratic Party

South Africa

Two African countries ban donkey exports, thanks to China Burkina Faso
Jacob Zuma survives another turbulent year World
Russia withdraws from International Criminal Court treaty Russia News
Pakistan not to participate in Junior Hockey World Cup South Korea

International Labour Organization

The next-gen search engine? Dark Web
Traffickers awarded life imprisonment for heinous crime India

United States of America

Donald Trump plans to shut charitable foundation Donald Trump
Pakistan threaten Israel over a 'fake news' threat Donald Trump
First woman pilot in Afghan air force seeks US asylum Afghanistan
US labels LeT's student wing as terrorist outfit Hafiz Muhammad Saeed
Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin
All rights reserved © NewsBytes 2025