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The ILO’s World Employment and Social Outlook Trends 2022 report warns of a slow and uncertain recovery, as the pandemic continues to have a significant
The International Labour Organization (ILO) has downgraded its forecast for labour market recovery in 2022, projecting a deficit in hours worked globally equivalent to 52 million full-time jobs, relative to the fourth quarter of 2019. The previous full-year estimate in May 2021 projected a deficit of 26 million full-time equivalent jobs. While this latest projection is an improvement on the situation in 2021, it remains almost two per cent below …
The International Labour Organization (ILO) has downgraded its forecast for labour market recovery in 2022, projecting a deficit in hours worked globally equivalent to 52 million full-time jobs, relative to the fourth quarter of 2019. The previous full-year estimate in May 2021 projected a deficit of 26 million full-time equivalent jobs. While this latest projection is an improvement on the situation in 2021, it remains almost two per cent below …