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International Jobs Report: Update 2015

Prakash Loungani | November 05, 2015

The global unemployment rate is expected to increase slightly in 2016 to 5.7 percent but remain well below the peak of 6.2 percent recorded in 2009. The increase results from deteriorating growth prospects among many emerging markets and in some oil-producing countries. According to forecasts released in the IMF’s October 2015 World Economic Outlook, big increases in unemployment are expected to occur next year in Venezuela, Brazil, Argentina, and Russia.