World employment and social outlook : trends 2023

The world economy continues to grow at a disappointing pace, and over 2016 and 2017 it is projected to continue growing well below the levels achieved prior to the onset of the crisis. As a result, global unemployment is expected to increase by nearly 2.3 million in 2016, and by a further 1.1 million in 2017. As in 2015, most of this increase will take place in emerging markets. Job quality is also deteriorating. While there has been a decrease in vulnerable employment and working poverty rates, vulnerable employment still accounts for over 46 per cent of total employment globally, affecting nearly 1.5 billion people. [This report] provides a global overview of these worrying trends, and presents unemployment projections until 2017 by income and regional groups, as well as projections on several dimensions of job quality until 2020. It also examines the major challenges these trends pose in achieving the newly adopted Sustainable Development Agenda.