#Reports #Indices #Economy World Employment and Social Outl | VK IAS- prelims (UPSC highlights)
#Reports#Indices#Economy
World Employment and Social Outlook: Trends 2024 Report
By?- International Labour Organization (ILO) - The report is its annual World Employment and Social Outlook report
Insight : The global jobless rate dropped below pre-COVID levels to 5.1% with labor force participation also bouncing back close to early 2020 levels. But concerns remain over the quality of work available.
Threat for 2024 : structural weaknesses like skills gaps and inadequate social protection
Real wages in India showing “positive” improvement in 2022 versus 2021 – exceeding the rate across all other G20 countries save Mexico.
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