News
Louis Dor
Jan 20, 2016
While the global unemployment rate is expected to fall by 2017, the overall numbers of those out of work will actually rise thanks to a growing global population, according to a new forecast from the International Labour Organisation (ILO).
The UN agency's annual World Employment and Social Outlook report on Tuesday estimated that the figure would fall from 5.8 per cent in 2014 to 5.7 per cent in 2017.
The report also said that the total number of unemployed people will surpass 200 million in 2017 for the first time, a figure which is currently forecast for 199.4 million in 2016.
The below chart from Statista shows the countries which the ILO predict to experience greater, or lesser unemployment:
The United Kingdom's unemployment rate is estimated to have been 5.5 per cent for 2015, projected to dip slightly to 5.4 per cent in 2016, subsequently rising again to 5.5 per cent in 2017.
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