The International Labour Organisation has that global employment growth will be only by one per cent in 2023, less than half of 2022.

According to ILO, global unemployment is expected to rise by around three million in 2023 to 208 million.

The Assistant Director-General of Jobs and Social Protection Cluster, ILO, Mia Seppo, in a release, said, “The cost-of-living crisis is pushing more people into poverty, including working poverty. The most vulnerable workers include 200 million people living in absolute poverty and two billion in the informal economy, where they frequently lack legal rights or social protection.”

According to her, in low-income countries, employment is not expected to recover to pre-pandemic levels this year.

In those regions where unemployment is now below pre-crisis levels, our analysis shows this is mainly because of a shift into the informal economy, which probably postpones rather than resolves workers’ problems,” she added.

Meanwhile, Seppo called on Nigeria and other countries to speed up their actions in achieving Sustainable Development Goal 8 on Decent Work for All.

ILO said SDG Goal 8, which brings together social, economic, and environmental targets, has an impact on all other Agenda 2030 goals