World unemployment is projected to increase by around 2.5 million in 2020 and almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work. GS2 Governance × Link copied. The International Labour Organisation has released the annual World Employment and Social Outlook Trends for the year 2019. It has been a permanent member of the … Download Free Monthly UPSC Jan magazine in English and Hindi for preparation of UPSC CSE 2020 Exam with all the latest current affairs or update with us. The "World Employment and Social Outlook: Trends 2020" publication brings to the forefront the trends seen in the global workforce whether and how they are enhancing or inhibiting economic growth. Recently, the International Labour Organisation (ILO) has released the World Employment and Social Outlook: Trends 2020 (WESO) report. World Economic Outlook reports. In addition, the World Employment and Social Outlook: Trends 2020 (WESO) shows that unemployment is projected to increase by around 2.5 million in 2020. The report highlights that global unemployment will rise by 2.5 million in 2020. The important features of the report are: Unemployment rates were anticipated to fall to 4.9% in 2019 and are expected to hold steady into 2020. Loading... Unsubscribe from Study IQ education? The International Labour Organization (ILO) recently released its principal report of the upcoming year of 2020. My Account. Updated on 24 January, 2020. This is the 1st part of a 4-series of posts on Important Reports and Indices. The International Labour Organization (ILO) released a new report titled the World Employment and Social Outlook: Trends 2020 (WESO). World Employment and Social Outlook – Trends 2020. However, slowing economic growth means that for the increasing labour force, no new jobs are created. As per the report, unemployment rates will fall to 4.9% in 2019 and remains steady in 2020. World Employment and Social Outlook Trends 2020 (WESO): WESO report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity. This is "World Employment and Social Outlook Trends 2020 by International Labour Organisation #UPSC2020 #IAS" by Study IQ Education on Vimeo, the home… World Employment and Social Outlook: Trends 2020. According to the report Global unemployment is estimated to increase by around 2.5 million in 2020. Why in News. It releases the annual World Employment and Social Outlook (WESO) Trends report. Daily Current Affairs Quiz 2020 This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as employment status, informal employment and working poverty. World Employment And Social Outlook: Trends 2020 Print . The day aims to raise … It is an annual report that summarizes the labour market performance around the world. Free Current Affairs to Your Email. The International Labour Organization released its “The World Employment and Social Outlook: Trends 2020” (WESO) report. Almost half-a-billion people have insufficient access to paid work: * 165 million have a job but want to work more hours; * 188 million are unemployed; * 120 million have either given up actively searching for work or otherwise lack access to the labour market. The top five risks to humanity are recently published in the Global Risks Report of the World Economic Forum (WEF). India has ratified … Around 267 million young people aged 15-24 are not in employment, education or training and many more endure substandard working conditions. It releases the annual World Employment and Social Outlook (WESO) Trends report. 2. Share on Share on Copy Link . The World Employment and Social Outlook – Trends 2020 report was published today by the International Labour Organization. Guy Ryder ILO Director-General Preface. Top five risks . World Employment and Social Outlook Trends 2020. With their job future being so bleak, students are put under constant pressure to perform. Dear Students, UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination. Study IQ education . The report highlights that global unemployment will rise by 2.5 million in 2020. From ILO Summary This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as […] The number of people unemployed around the world stands at some 188 million in 2019.This is projected to increase further by around 2.5 million in 2020. Magazin This 2020 edition of the series draws a comprehensive picture of the progress made and of the remaining gaps in achieving social justice and decent work. It has a projected growth rate of 6.1 per cent for the current fiscal year, despite an … International Labour Organisation (ILO) has recently released ‘World Employment and Social Outlook Trends 2020’. The ILO report said that about 188 million people are unemployed in the world. World Employment and Social Outlook – Trends 2020 ... Summary. India- specific observations: India retains its rank as the world’s fastest-growing major economy, tying with China. Global unemployment has been roughly stable for the last nine years but slowing global economic growth means that, as the global labour force increases, not enough new jobs are being generated to absorb new entrants to the labour market. India and ILO: India, a Founding Member of the ILO, has been a permanent member of the ILO Governing Body since 1922. However, slowing economic growth means that for the increasing labour force, no new jobs are created. The first ILO Office in India started in 1928. World Employment And Social Outlook-Trends 2020. It also examines income and social developments, and provides an indicator of social unrest. Approx Read Time: 3 minutes In News: The International Monetary Fund (IMF) has recently released its World Economic Outlook reports which prospects lowered growth estimate for India to 4.8% for 2019, from the … Important Days International Anti-Corruption Day is observed on 9 December. The World Employment and Social Outlook: Trends 2020 (WESO) shows that unemployment is projected to increase by around 2.5 million in 2020. Global unemployment has been roughly stable for the last nine years but slowing global economic growth means that, as the global labour force increases, not enough new jobs are being generated to absorb new entrants to the labour … India is a Founding Member of the ILO. The report analyses key labour market issues, including unemployment, labour underutilization, working poverty, income inequality, labour Income share and factors that exclude people from decent work. About the Publisher: The ILO is … World Employment and Social Outlook Trends 2020 by International Labour Organisation #UPSC2020 #IAS. In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19. This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as employment status, informal employment and working poverty. Key findings: 1. World Employment & Social Outlook - Trends 2020 The International Labour Organization (ILO) published its flagship report titled, ‘World Employment and Social Outlook (WESO) – Trends 2020’. Context: IMF’s 2019 World Economic Outlook (WEO) has been released. Latest Current Affairs 2020. International Labour Organisation has released ‘World Employment and Social Outlook Trends 2020’. Charts; Regional charts; Living with a middle-class wage; Studies on Growth with Equity; Papers and Briefs. The annual WESO Trends report analyses key labour market issues, including unemployment, labour underutilisation, working poverty, income inequality, labour income share and factors that exclude people from decent work. For instance, the International Labor Organization’s World Employment and Social Outlook Trends Report of 2018 says that in 2019, the job status of nearly 77% of Indian workers would be vulnerable and that 18.9 million people would be unemployed. Magazine; Explore; Answer Writing; Download PDFs; Feed; My Account. World Employment and Social Outlook: Trends report continues to provide an authoritative global overview of where the world stands with respect to the global employment picture. The enormous challenges in the world of work – including persistent inequalities and exclusion – make it more vital than ever to establish a clear picture of global employment and social trends. 2017-19; 2014-15; Global Wage Report. India has ratified 41 Conventions of the ILO, which is much better than the position existing in many other countries. WESO Trends report The International Labour Organization released its “The World Employment and Social Outlook: Trends 2020” (WESO) report. On 20 th January, 2020, the International Labour Organisation (ILO) released the World Employment and Social Outlook: Trends 2020 (WESO) report, which examines employment and social trends for the world as a whole and for each region, and analyses structural transformation and implications for future job quality. ILO. An interactive data tool is also available. January 2020; DOI: 10.13140/RG.2.2.16012.46727 The report stated that the global unemployment has been stable for the last nine years. 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