SDG 2030 Initiatives

Goal 8 seeks to foster inclusive and sustainable economic growth, employment, and decent work for all. However, multiple crises are straining the global economy, with real GDP per capita growth projected to slow in 2023, leading more workers to seek informal employment.

While global labor productivity has increased and unemployment rates have fallen, more efforts are needed to create jobs, especially for youth, reduce informal employment, tackle labor market inequalities (including the gender pay gap), ensure safe working conditions, and improve access to financial services to support inclusive growth.

In 2022, the global unemployment rate dropped to 5.4%, lower than the pre-pandemic level of 5.5% in 2019, as economies began to recover from COVID-19’s impact. However, sustained progress in employment and decent work remains critical for long-term economic resilience.

Source: https://www.un.org/sustainabledevelopment/economic-growth/