BY 4% IN 13 YEARS

SMEs nearly doubled, w th the share of total employment attr butable to SMEs r s ng from 31% to 35%. However, n the past year, the r contr but on to total employment has stagnated. Between 2015 and 2016 the contr but on of SMEs to total employment rema ned v rtually unchanged, ncreas ng from 34.6% to 34.8%,” the report added.

SMEs account for 52% of total employment n develop ng econom es, compared w th 41% n developed econom es, the ILO sa d.

“The global unemployment rate stands at 5.8%, and s not expected to drop any t me soon,” ILO warned. “Desp te some progress over the past decades, nearly 780 m ll on workers n emerg ng and develop ng countr es (correspond ng to almost every th rd worker) are st ll l v ng n cond t ons of extreme or moderate poverty,” sa d the report.

Global unemployment tops 200 m ll on

The report also sa d the pr vate sector n 2016 employed

2.8 b ll on nd v duals worldw de, represent ng 87% of total employment. “Over 201 m ll on workers worldw de are currently unemployed, an ncrease of 3.4 m ll on compared to 2016,” the report sa d.