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UN Global Employment Forecast Drops By 7 Million Amid Economic Upheaval

Some 53 million jobs will be created globally this year, seven million less than previously thought amid worsening global economic outlook and trade tensions, the International Labor Organization said in a report.

Allwork.Space News TeambyAllwork.Space News Team
May 28, 2025
in News
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UN Global Employment Forecast Drops By 7 Million Amid Economic Upheaval

A view of an illustration outside a wood flooring sales office next to an employment agency in Toronto, Ontario, Canada October 8, 2021. REUTERS/Chris Helgren/File Photo

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The United Nation’s agency for labour on Wednesday cut its global employment forecast for job growth this year to 1.5% due to a worsening global economic outlook and trade tensions.

Some 53 million jobs will be created this year, that is seven million less than previously thought as economic growth predictions were lowered to 2.8 per cent, from 3.2 per cent, the International Labour Organization (ILO) said in a report.

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“Economic uncertainty has been high in 2025, shaped by ongoing conflicts, geo-economic realignments, and trade-related disruptions,” the report said.

Some of the 84 million jobs across 71 countries that are linked to U.S. consumer demand are increasingly at risk of disruption due to trade tensions, the ILO said. Jobs in Canada and Mexico have the highest share of jobs exposed, it added.

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“If geopolitical tensions and trade disruptions continue, and if we do not address fundamental questions that are reshaping the world of work, then they will most certainly have negative ripple effects on labour markets worldwide,” said the ILO Director-General Gilbert F. Houngbo.

(Reporting by Olivia Le PoidevinEditing by Madeline Chambers)

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Source: Reuters
Tags: Workforce
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Allwork.Space News Team

Allwork.Space News Team

The Allwork.Space News Team is a collective of experienced journalists, editors, and industry analysts dedicated to covering the ever-evolving world of work. We’re committed to delivering trusted, independent reporting on the topics that matter most to professionals navigating today’s changing workplace — including remote work, flexible offices, coworking, workplace wellness, sustainability, commercial real estate, technology, and more.

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