2023-05-31 19:31:37
Only 38.6% of older people in middle-income countries and 23.2% in low-income countries receive an old-age pension. 593926365/HJBC – stock.adobe.com
The International Labor Organization calls for an improvement in pension systems, which are currently very limited.
Once again, the gap is widening between rich and low-income countries. Inequalities are worsening on the employment front, the International Labor Organization (ILO) worried on Wednesday. While it had previously forecast a rise in the global unemployment rate in 2023, the ILO finally expects a slight decline of 0.1%, which will allow the global unemployment rate to reach 5.3%. But this good surprise above all illustrates “the stronger-than-expected resilience of employment in high-income countries», warns the organization based in Geneva.
Conversely, low-income countries are lagging behind in the recovery process, says the 11e edition of the “Observatory of the world of work”. North Africa, which is expected to record an unemployment rate of 11.2% in 2023, is still far from returning to pre-Covid levels. The situation is even worse, since these figures do not take into account the people who wish to work without being counted and who are little…
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