Only one in four adults in the world have a ‘good job,’ according to research by Gallup.
While the government publishes metrics on the labor force including the unemployment rate, Gallup says there’s no metric that measures the quality of a job.
According to Gallup, a ‘good job’ or a ‘real job’ is simply one that is 30 or more hours a week with a paycheck from an employer.
"Based on this definition, Gallup projects that 1.3 billion out of the world’s roughly 5 billion adults have a good job," states the article. "Of these 1.3 billion, roughly 12 percent are engaged at work and have great jobs."
"Out of a global workforce of an estimated 3.2 billion adults who are working or looking for work, only 5 percent (161 million people) have a great job," states Gallup. "This means that just short of 3 million people who want a great job don’t have one."
Gallup says that global leaders need to make this problem a priority.
Gallup says the unemployment rate is misleading and underestimates the global jobs problem. Gallup’s CEO has called the unemployment rate a "lie" and says that it doesn’t account for those that have dropped out of the labor force and stopped looking for work.