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“GLOBAL UNEMPLOYMENT TO DIP: ILO FORECASTS STABLE LABOR MARKET”

Why in the news? The International Labour Organization (ILO) predicts a slight decrease in global unemployment to 4.9% in 2024 from 5.0% in 2023, attributed to lower jobless rates in China, India, and high-income countries. Global economic growth, especially in the United States, and decreasing inflation are contributing to a stable labor market outlook, although …

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