Back to today’s briefing

Story perspectives

Global Job Market Faces Decline Amid Economic Challenges

6/8/2025

30 3

Summary

Story summary

The International Labour Organization's May 2025 report paints a concerning picture of the global job market, revealing a drop in GDP growth projections from 3.2% to 2.8%. Employment is faltering, especially in high-income nations, as U.S. consumer habits and trade issues take their toll. Meanwhile, Asia-Pacific thrives, yet informal work persists worldwide. Urgent action is needed to foster decent jobs and inclusivity.

1 of 1

Story summary

The International Labour Organization's May 2025 report paints a concerning picture of the global job market, revealing a drop in GDP growth projections from 3.2% to 2.8%. Employment is faltering, especially in high-income nations, as U.S. consumer habits and trade issues take their toll. Meanwhile, Asia-Pacific thrives, yet informal work persists worldwide. Urgent action is needed to foster decent jobs and inclusivity.