A recent report states that the global unemployment rate has reached a staggering 190 million people, marking a significant increase from previous years. The report also highlights that over 2 billion individuals are employed in the informal sector, indicating a large portion of the workforce is operating without formal job security. Furthermore, the report reveals that youth unemployment remains a critical issue, with approximately 13% of individuals aged 15 to 24 facing unemployment. These figures underscore the widespread economic challenges faced by many around the world, emphasizing the need for targeted interventions to address unemployment and underemployment on a global scale.