Mbalo Brief – August 2023

According to the International Labour Organization’s (ILO) World Employment and Social Outlook (2020), the global working-age population was recorded at 5,7 billion in 2020 and of that, roughly 57,9% (3,3 billion) were employed persons. It resulted in approximately 2,3 billion of the working-age population who were either unemployed or not economically active. Furthermore, high global unemployment trends in 2020 and 2021 were mainly driven by the measures implemented to control the spread of the COVID-19 pandemic.

Download Mbalo brief August 2023