We saw a post-covid reversal of both positive and negative labour-market trends. How and why so? An ILO-IHD report offers clues. Hint: We had a covid backslide and surge in broadly defined self-employment.
Data shows that the youth has seen the largest addition to the number of workers relative to its population, which counters a narrative of dwindling jobs for them. Trends like rising female work participation need study, though.
Arguments that the size of this sector and contribution to GDP is overestimated are flawed. PLFS data suggests that it s far likelier to have been undercounted.