On May 30, Pakistan reported that the International Labour Organization (ILO) has revised its global employment outlook for 2025 downwards, now anticipating the addition of 53 million jobs rather than the earlier projection of 60 million.
This equates to a decrease in worldwide employment growth from 1.7% to 1.5% for this year.
The recent UN report indicates that the reduction, which equates to approximately seven million less additional employment opportunities, mirrors a diminished forecast for the worldwide economy. This adjustment comes with expectations of GDP growth slowing to 2.8%, compared to an earlier prediction of 3.2%.
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“The global economy is expanding more slowly than initially expected, according to our latest report. The study warns that ongoing geopolitical tensions and trade disruptions, coupled with unresolved core issues transforming the employment landscape, could lead to significant adverse impacts on labor markets across the globe,” stated ILO Director-General Gilbert F. Houngbo.
The ILO suggests that approximately 84 million jobs in 71 nations have direct or indirect connections to U.S. consumer demand, many of which are currently facing an increased threat of disruption because of heightened trade conflicts.
A majority of these positions, specifically 56 million, are found within the Asia-Pacific area.
The report additionally points out disturbing patterns regarding how income is distributed.
Globally, the labor income share, representing the portion of GDP allocated to workers, decreased from 53% in 2014 to 52.4% in 2024.
The biggest drops were seen in Africa and the Americas.
“If this share had stayed the same, global labor income would have been $1 trillion greater in 2024, equating to an additional $290 per worker when adjusted for constant purchasing power,” the report noted.
The ILO believed that the reduction in the portion of global income received by workers contributes to increasing inequality and underscores a disconnection between economic expansion and employee earnings.
In the meantime, the ILO report indicates a move toward higher-skilled positions in the job market.
The study revealed that women are at the forefront of this movement.
From 2013 to 2023, the percentage of women working in high-skilled jobs increased from 21.2% to 23.2%, whereas the number of men in such roles stood at approximately 18% in 2023.
The report similarly revealed that approximately one-quarter of employees could see their positions altered due to generative AI.
The study revealed that a higher proportion of roles within medium-skilled professions face some level of risk from automation. However, an even bigger fraction of positions in high-skilled fields exhibit significant vulnerability, as their current duties might possibly be taken over by artificial intelligence technologies.
