UN Labor Agency Warns Pandemic-Driven Jobs Crisis Far From Over
Global unemployment projected to see 205M people in 2022 to far exceed 2019 figure of 187M. The pandemic-driven labor market crisis is not going to end anytime soon, and employment growth will not be enough to cover the losses suffered at least until 2023, according to the latest projections by the International Labor Organization (ILO).
The Geneva-based UN agency warned in its latest flagship report, World Employment and Social Outlook: Trends 2021, that COVID-19 risks leaving a legacy of increased geographical and demographic inequality in the labor market, the spread of poverty, and the decline of decent work.