Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population. There needs to be increased access to financial services to manage incomes, accumulate assets and make productive investments. Increased commitments to trade, banking and agriculture infrastructure will also help increase productivity and reduce unemployment levels in the world’s most impoverished regions.
•The global unemployment rate in 2017 was 5.6%, down from 6.4% in 2000.
•Globally, 61% of all workers were engaged in informal employment in 2016. Excluding the agricultural sector, •51% of all workers fell into this employment category.
•Men earn 12.5% more than women in 40 out of 45 countries with data.
•The global gender pay gap stands at 23 per cent globally and without decisive action, it will take another 68 years to achieve equal pay. Women’s labour force participation rate is 63 per cent while that of men is 94 per cent.
•Despite their increasing presence in public life, women continue to do 2.6 times the unpaid care and domestic work that men do.
•470 million jobs are needed globally for new entrants to the labor market between 2016 and 2030.