The global labor market was rattled by downward job revisions in the US, economic contractions in strong economies like Canada, and surprising resiliency in trade-dependent markets. Worldwide, unemployment shifted to meet uneven consumer demand amid cautious spending. Job growth is expected to be particularly volatile in response to fluctuating economic conditions. Major economies are implementing new labor policies to stabilize long-term growth but what does this mean short-term?

Read the full report to explore global economic trends and labor market shifts in the second quarter of 2025, plus a spotlight piece on a crucial piece of the international labor market: youth employment.