Working poverty: Progress, but not for everyone
Over the past three decades, the share of workers living in extreme poverty (earning less than $2.15 per day) has fallen significantly, reflecting global progress in improving living standards.
At the same time, more workers now earn above $3.65 per day, marking a positive shift in income distribution. However, this progress remains uneven, with extreme poverty persisting in 2024, particularly in low-income regions, highlighting the need for targeted policies to ensure no one is left behind.
Global unemployment: Stability masks youth struggles
While unemployment has remained stable at 4.9% in 2024, youth unemployment tells a different story. Young men face a 12.4% unemployment rate, and for young women, it is 12.3%.
These figures reflect systemic barriers to decent jobs that leave many young workers behind, even as overall unemployment trends improve.
Youth unemployment: A tale of uneven recovery
Youth unemployment remains highest in upper-middle-income countries, where 16% of young people are out of work. In low-income countries, the rate is lower at 8%, but this often reflects underemployment and informal work rather than meaningful opportunities.
Globally, 12% of youth are still seeking better prospects, emphasizing the need for targeted solutions to support young workers.
Global jobs gap: Closing, but not for women
The global jobs gap has shrunk from 16% in 2004 to 9% in 2024, reflecting progress in reducing unemployment worldwide.
However, women still face disproportionately higher gaps than men, a stark reminder of the gender inequalities that persist in labour markets. Addressing this imbalance is critical for achieving inclusive growth.