Goal 8: Decent work and economic growth
Over the past 25 years the number of workers living in extreme poverty has declined dramatically, despite the lasting impact of the 2008 economic crisis and global recession. In developing countries, the middle class now makes up more than 34 percent of total employment – a number that has almost tripled between 1991 and 2015.
However, as the global economy continues to recover we are seeing slower growth, widening inequalities, and not enough jobs to keep up with a growing labour force. According to the International Labour Organization, more than 204 million people were unemployed in 2015.
The SDGs promote sustained economic growth, higher levels of productivity and technological innovation. Encouraging entrepreneurship and job creation are key to this, as are effective measures to eradicate forced labour, slavery and human trafficking. With these targets in mind, the goal is to achieve full and productive employment, and decent work, for all women and men by 2030.
An estimated 172 million people worldwide were without work in 2018 - an unemployment rate of 5 percent.
As a result of an expanding labour force, the number of unemployed is projected to increase by 1 million every year and reach 174 million by 2020.
Some 700 million workers lived in extreme or moderate poverty in 2018, with less than US$3.20 per day.
Women’s participation in the labour force stood at 48 per cent in 2018, compared with 75 percent for men. Around 3 in 5 of the 3.5 billion people in the labour force in 2018 were men.
Overall, 2 billion workers were in informal employment in 2016, accounting for 61 per cent of the world’s workforce.
Many more women than men are underutilized in the labour force—85 million compared to 55 million.