"International work" Global employment expectations are reduced by about 7 million jobs in 2025
Geneva, May 28 / WAM / The International Labor Organization issued today, Wednesday, in Geneva, its latest updates to the global labor market and social expectations, considering that geopolitical tensions and commercial turmoil are major factors in the weak economic view, which leads to the slowest growth of jobs.
The organization said that it expects to establish 53 million jobs instead of 60 million jobs, during the current year, which means a decrease in the growth of global workers from 1.7% to 1.5%, explaining that this decrease, which is equivalent to about seven million jobs, reflects global economic expectations that have been reduced; GDP is expected to grow by 2.8%, down from the previous expectation of 3.2%.
The latest international organization estimates in the update of new employment and social expectations are based on economic growth expectations issued by the International Monetary Fund last April.
The organization said that approximately 84 million jobs in 71 countries are directly or indirectly linked to the request of American consumers, warning that these jobs and income that support, are increasingly exposed to the risk of turmoil due to the high trade tensions, noting that the Asia and the Pacific region is the most in terms of most of these jobs focus, while they have the highest percentage of functions at risk and at a rate of up to 17.1%.
The report warned that the continuation of geopolitical tensions and commercial turmoil and the failure to address the basic questions that reshape the world of work, and at the slow pace in which the global economy grows from the expected, there are certainly negative effects on labor markets around the world.
The report also highlighted the disturbing trends in the distribution of income; He stressed that the employment income share, which is the percentage of GDP of Workers, worldwide, decreased from 53.0% in 2014 to 52.4% in 2024.
It indicates a shift in work towards high skills and that women lead this trend; The share of women working in high skills professions increased from 2013 to 2023 from 21.2% to 23.2%, while the percentage of men in high skills was about 18% in 2023.
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