The 2016 ILO World Employment Social Outlook

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The International Labour Organization (ILO) has issued its “World Employment Social Outlook,” and predicts that 200 million people will be unemployed in 2016, three million more than last year. This will be most acute in the periphery of the world economy, where unemployment is prognosticated to increase by 2.4 million. Mind you, employment is not necessarily a marker of stability; ILO states that nearly half of the world’s workers — 1.5 billion people — hold vulnerable employment, a total that includes subsistence & informal workers, and unpaid family workers. This cohort is expected to expand.