World Employment and Social Outlook: May 2025 Update
Global GDP growth was revised down to 2.8% from 3.2% due to geopolitical tensions, trade disruptions and heightened uncertainty.
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Global GDP growth was revised down to 2.8% from 3.2% due to geopolitical tensions, trade disruptions and heightened uncertainty.
Global unemployment held steady at 5 per cent in 2024, while youth unemployment stood at around 12.6 per cent.
Global real wage growth recorded a 2.7% increase in 2024, the largest gain in more than 15 years.
The global youth unemployment rate in 2023 was 13%, a 15-year low.
The global unemployment rate in 2023 was 5.1%.