GOAL 8: Decent Work and Economic Growth

Objective: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The Targets

Why it matters: The 2017 global unemployment rate is 5.6% – this equals 192.7 million people who are unemployed. 13% of this is made up of unemployed youths (aged 15 to 24) – a figure that is nearly three times higher than the rate for adults. In addition to this, 2017 statistics show that around 300 million workers are classed as “workers in extreme poverty”, living on less than US$1.90 per day. Despite the fact that the global economy is said to be recovering from the 2008 financial crisis, we continue to see figures on slower growth, widening inequalities, and not enough jobs to keep up with a growing labour force. Entrepreneurship and job creation are effective measures to eradicate these statistics yet need to see significant growth and support in order to be able to do so.

By 2030, ensure universal access to affordable, reliable and modern energy services.

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors.

Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalisation and growth of micro-, small- and medium-sized enterprises, including through access to financial services.

Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead.

By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.

By 2020, substantially reduce the proportion of youth not in employment, education or training.

Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms.

Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment.

By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products.

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.

Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries.

By 2020, develop and operationalise a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organisation.