After a promising start to 2022, global economies continue to suffer from high inflation rates and economic uncertainty. Still reeling from the effects of major world event in the past few years, the global economy is beginning to fall.
Despite economic uncertainty and concerns about a recession, the global unemployment rate continues to steadily decrease. The global unemployment rate reached 5% in May, its lowest level since the inception of the study.
What do these numbers mean for the future of the Global Labor Market?