The International Labor Organization (ILO) predicts an increase in the unemployment rate worldwide in 2024, due to ‘new vulnerabilities’ in the job market, in a signed press release this Wednesday and reached the AIB headquarters in Ouagadougou.
‘In 2024, two million additional workers are expected to be looking for work,’ indicates a press release signed by the ILO at its Geneva headquarters on January 10, 2024.
‘Global unemployment will increase in 2024 and increasing inequality and stagnant productivity are causes for concern,’ the press release added. In doing so, the global unemployment rate will stand at 5.2%, up slightly compared to 2023.
According to the ILO’s newest report entitled “Global Employment and Social Affairs: Trend 2024”, the recovery in work seen after the covid-19 pandemic remains uneven as new vulnerabilities and multiple crises undermine prospects for ‘greater social justice.
The document therefore encourages governments to strengthen their national economies through initiatives t
hat can improve productivity and living standards in the face of geopolitical tensions which effectively limit rapid and effective international coordination to address major challenges.
‘Although governments have taken back the reins of the economy, their resources have dwindled, particularly in low-income and middle-income countries,’ the report recalls.
The Director-General of the ILO, Gilbert F. Houngbo, quoted in the press release, believes that the world should be concerned about the situation. According to him, the imbalances noted in the report ‘are not simply linked to the resumption of the pandemic but structural’.
For its part, Burkina Faso plans to continue improving job offers for young people in the fields of defense and security but also in agriculture, health, education, small and medium-sized businesses. and the informal sector.
In addition, the development of the national skills development strategy for employment will make young people more competitive in the job market.
The ILO report
does not take into account the protectionist and anti-migrant measures adopted in certain countries.
Source: Burkina Information Agency