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Latin America's Unemployment Near Decade Low
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Latin America's unemployment rate in 2023 is near a decade low at 6.3%, but an economic slowdown in 2024 may reverse this trend, with potential increases in unemployment to 6.5% to 6.8% next year. The International Labor Organization (ILO) warns of this potential reversal due to the expected economic slowdown, which could lead to the creation of informal jobs lacking the benefits of formal employment.
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How might the potential increase in unemployment in Latin America impact the region's economic stability?
In what ways could the potential reversal in unemployment rates influence the labor market and investment decisions in Latin America?
What measures can governments take to mitigate the effects of an economic slowdown and protect workers' rights?
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