Up from 197.1 million in 2015, a year which saw 27 million more jobless people in the world compared to the pre-crisis level of 2007, ILO Director-General Guy Ryder stated that "the significant slowdown in emerging economies coupled with a sharp decline in commodity prices is having a dramatic effect on the world of work."

 

Providing both a quantitative³ and qualitative⁴ overview⁵ of the global labor market, ILO's World Employment Social Outlook -Trends 2016 report also explains that though the trend in vulnerable employment is improving, it is still affecting some 1.5 billion people worldwide.

 

"The fact of being at work does not necessarily lead to an escape from poverty," Ryder explained, adding that "the lack of decent jobs leads people to turn to informal unemployment, which is typically characterized by low productivity, low pay and no social protection."

 

Though underlining significant improvements since 2000, the report estimated that 327 million employed people were found to be living in extreme poverty, with a further 967 million living in moderate or near poverty.

 

In light of these realities, a moderate unemployment rate decrease in developed countries (dropping from 7.1 percent in 2014 to 6.7 percent a year later) did little to offset⁶ the worsening situation in emerging economies.

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