By Abi-Gail Averlon Toussaint 

GENEVA (ILO News) – The International Labour Organization (ILO) has revised its global employment forecast for 2025, projecting the creation of 53 million jobs instead of the previously estimated 60 million. This translates into a reduction in global employment growth from 1.7 per cent to 1.5 per cent this year. The drop – which is the equivalent of around seven million fewer additional jobs – reflects a downgraded global economic outlook, as GDP growth is expected at 2.8 per cent, down from a previous projection of 3.2 per cent.

The ILO’s latest employment estimates, issued in its new World Employment and Social Outlook (WESO) Update, are based on economic growth projections from the recently released International Monetary Fund’s (IMF) April 2025 World Economic Outlook. Read more

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