Expect global unemployment to drop to 5.7% in 2017 from 5.8% between 2014 and 2016. However, as population increases, the total number of unemployed people will surge.
According to the International Labor Organization, in its annual World Employment and Social Outlook, the perceived plunge in the unemployment rate is backed by job creation in Europe and the United States.
The institution added the increments will emerge from developing and emerging nations, including Brazil, Russia, and South Africa. But the number of unemployed in the US is awaited to slide to 7.7 million next year.
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