World Employment and Social Outlook Report 2023

Released by- International Labour Organisation

Publication- Annually

Theme- The value of essential work.

About- It details the impact of economic slowdown on the global labour market.

2023 report- It calls for a revaluation of the work of key workers to reflect their social contribution and greater investment in key sectors.

Key workers- Food system workers, health workers, retail workers, security workers, manual workers, cleaning and sanitation workers, transport workers, and technicians and clerical workers.

Key highlights
Aspects	Trend
Global unemployment rate	5.1%, a modest improvement on 2022
Global labour force participation rate	It is expected to decline further in 2023, reaching 60.5% the lowest level since 1990.
Global labour income share	It has fallen by 3.3% points since 2004 indicating worsening of income inequality
Number of workers in extreme or moderate poverty	It is estimated to increase by 34 million in 2023, reversing the progress made in the past decade.
women workforce	They account for 38% of all key workers globally, though they are the majority in health and retail.

Source:

Join Our Telegram

First Advanced Estimate (FEA) of GDP & GDP CALCULATION

TM Module-2 in ICD-11

Pradhan Mantri Suryodaya Yojana

06 Feb, 24
SHARE

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO

06 Feb, 24
SHARE

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

06 Feb, 24
SHARE

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

06 Feb, 24
SHARE

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

05 Feb, 24
SHARE

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co