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Gaza's unemployment is nearing 80%. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Unemployment in Gaza is nearing 80%. This story is available exclusively to Business Insider subscribers.
Persons: , Gilbert Houngbo Organizations: Service, United Nations, International Labor Conference, UN, Business Locations: Gaza, Unemployment, Geneva
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailILO chief: See open-mindedness from the West on immigration issuesGilbert Houngbo, director-general at the International Labour Organization, speaks to CNBC's Tanvir Gill at the G20 leaders' summit in Delhi.
Persons: Gilbert Houngbo, CNBC's Tanvir Gill Organizations: ILO, International Labour Organization Locations: Delhi
Overall, there were 40 million fewer full-time jobs between July-September than in the fourth quarter of 2019, which is used as the benchmark level before the COVID pandemic, it added. "On current trends, global employment growth will deteriorate significantly in the fourth quarter of 2022," the ILO said in its report on the World of Work. The report also said that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries". The ILO warned of declining job vacancies ahead and rising unemployment in the final months of the year. There are already signs that the labour market has cooled considerably in advanced economies, with sharp declines in vacancy growth, it said.
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