Tuesday, April 11, 2017

The Global Gig Economy

ILO’s World Employment and Social Outlook – Trends 2017 shows that vulnerable forms of employment – i.e. contributing family workers and own account workers – are expected to stay above 42 per cent of total employment, accounting for 1.4 billion people worldwide in 2017.
Almost one in two workers in emerging countries are in vulnerable forms of employment, rising to more than four in five workers in developing countries, said Steven Tobin, ILO Senior Economist and lead author of the report.
As a result, the number of workers in vulnerable employment is projected to grow by 11 million per year, with Southern Asia and sub-Saharan Africa being the most affected.
The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million – with an additional rise of 2.7 million expected in 2018 – as the pace of labour force growth outstrips job creation.

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