{"id":851946,"date":"2025-05-29T09:11:55","date_gmt":"2025-05-29T14:11:55","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/29\/americas-trade-war-could-mean-7-million-fewer-jobs-across-the-world-u-n-says\/"},"modified":"2025-05-29T09:11:55","modified_gmt":"2025-05-29T14:11:55","slug":"americas-trade-war-could-mean-7-million-fewer-jobs-across-the-world-u-n-says","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/29\/americas-trade-war-could-mean-7-million-fewer-jobs-across-the-world-u-n-says\/","title":{"rendered":"America’s trade war could mean 7 million fewer jobs across the world, U.N. says"},"content":{"rendered":"
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International growth is slowing, fewer new jobs will be created, and the global income gap is rising \u2014 largely because of elevated trade tension spearheaded by U.S. President Donald Trump. That\u2019s according to the International Labour Organization (ILO), a UN agency, whose new report<\/a><\/span> is based on the IMF\u2019s April 2025<\/a><\/span> \u201cWorld Economic Outlook.\u201d The IMF also singled out new tariffs and a \u201chighly unpredictable environment.\u201d<\/p>\n

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\u201cIf geopolitical tensions and trade disruptions continue, and if we do not address fundamental questions that are reshaping the world of work, then they will most certainly have negative ripple effects on labour markets worldwide,\u201d said ILO Director-General Gilbert F. Houngbo in a release accompanying the report.<\/p>\n

The ILO had previously anticipated 60 million new jobs being created in 2025; that has been downgraded to 53 million. Global GDP growth is expected to slow 0.4%. The ILO says that 84 million jobs in 71 countries are tied to U.S. consumer demand; most of those jobs are in the Asia-Pacific region, but Canada and Mexico are in particular danger, with 17.1% of their job markets exposed to uncertainty due to U.S. policy.<\/p>\n

Meanwhile, the proportion of GDP going to global workers, known as the labour income share, fell 0.6% in 2024. Income inequality could get much worse soon: High-skilled occupations are at risk of being displaced by generative AI, reports the ILO.<\/p>\n

Some good news: More women are working in high-skilled occupations, up two percentage points between 2013 and 2023 to 23.3%.<\/p>\n

Houngbo said the overall economic numbers are \u201csobering, but they can also act as a roadmap for the creation of decent jobs,\u201d advising countries to focus on \u201cstrengthening social protection, investing in skills development, promoting social dialogue, and building inclusive labour markets to ensure that technological change benefits all. <\/p>\n

\u201cAnd we must do so with urgency, ambition, and solidarity,\u201d he concluded.<\/p>\n<\/div>\n

Read More<\/a>
\n Michael Barclay<\/p>\n","protected":false},"excerpt":{"rendered":"

International growth is slowing, fewer new jobs will be created, and the global income gap is rising \u2014 largely because of elevated trade tension spearheaded by U.S. President Donald Trump. That\u2019s according to the International Labour Organization (ILO), a UN agency, whose new report is based on the IMF\u2019s April 2025 \u201cWorld Economic Outlook.\u201d The<\/p>\n","protected":false},"author":1,"featured_media":851947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,425],"tags":[],"class_list":{"0":"post-851946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-americas","8":"category-trade"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=851946"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/851947"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=851946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=851946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=851946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}