Question

Identify the incorrect statement regarding the global unemployment rate based on the ILO's report.

1. The global unemployment rate in 2023 was 5.1%.
2. The global unemployment rate increased from 5.3% in 2022 to 5.1% in 2023.
3. The global unemployment rate in 2022 was higher than in 2023.

• A. i, iii
• B. i
• C. iii മാത്രം
• D. ii മാത്രം

Answer 1

Answer:

D. ii മാത്രം

• Unemployment rate is a key economic indicator, calculated as the percentage of the total labour force that is unemployed but actively seeking employment and willing to work.

• While a decrease in the global unemployment rate from 2022 to 2023 might seem positive, the ILO's projection of a rise in 2024 signals underlying issues.

• Factors contributing to global unemployment include economic slowdowns, structural changes in industries, technological displacement, and mismatches between available skills and job requirements.

• Persistent unemployment can lead to social instability, poverty, and reduced economic growth.