Vulnerable employment, total (% of total employment) (modeled ILO estimate)

This indicator underscores the prevalence of precarious job conditions by quantifying the share of workers engaged as contributing family members and own-account workers within the total workforce. These employment categories often lack formal contracts, social security benefits, and job stability, making workers particularly susceptible to economic fluctuations. High levels of such employment can signal underlying issues in labor markets, such as insufficient access to quality jobs and inadequate support for self-employment ventures. Monitoring this metric is crucial for policymakers aiming to develop inclusive labor policies that enhance job security, promote fair work environments, and address the socioeconomic vulnerabilities experienced by a significant portion of the workforce. Addressing these challenges can lead to stronger, more resilient economies. Source: