Employment uncertainties

• Slow economic growth and more people entering the labour market are keeping unemployment high and growing. In 2018, unemployment is expected to stay above 192 million people, with another 1.3 million to be added in 2019. | Related Megatrends: Work; Demography
• International Labour Organization estimates that the rate of workers living in extreme poverty conditions will continue to decrease to some 7% by 2020.                                                         | Related Megatrends: Work
• The number of people in vulnerable forms of employment (e.g. self-employed) is also rising. The estimated 1.4 billion people in vulnerable forms of employment in 2017 is projected to grow by 17 million per year in 2018 and 2019. In developing and emerging economies the rates are above 76% and 46% respectively.
• Some 20% - 30% of working-age population (162 million people) in Europe and the USA are engaged in some kind of independent work.
• More than 50% of independent workers in Europe are not covered by unemployment benefits.| Related Megatrend: Inequalities
• Older population keeps active longer (by will or by necessity);
  over 50% of people 65+ in Germany, Sweden, and UK are earners through some independent work. 
  | Related Megatrends: Work; Demography

More on this Megatrend