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GLOBAL EMPLOYMENT TRENDS BRIEF February 2005

Briefing note | 15 February 2005
In 2004 many regions of the world witnessed improvements in a number of labour market indicators, following successive years of adverse
employment trends during the global economic
slowdown in 2001 and 2002 and throughout the recovery in 2003. Global unemployment stood at 184.7 million at the end of 2004, down from a revised 185.2 million in 2003. Although the decline in unemployment is very small in percentage terms (from 6.3 to 6.1 per cent), this is a significant development, as it marks only the second time in the past decade that there was a year-over-year decline in total unemployment.