The United Nations International Labor Organization warned today, Monday, that the labor market recovery from the repercussions of the “Covid 19” pandemic appears to slow in 2022.
In its report on World Employment Trends and Social Prospects for 2022, published today, the International Labor Organization (ILO) forecast that the number of working hours globally this year will be 1.8% lower than it was in the last quarter of 2019, just before the outbreak of the pandemic.
The International Labor Organization has predicted that there will be a larger shortfall in working hours in 2022 than previously estimated, CNBC reported.
And it forecast that the drop in global working hours this year will now be equivalent to the loss of 52 million full-time jobs, nearly twice the previous forecast in May 2021 of 26 million.
“The downside adjustment is very large,” Guy Ryder, Director-General of the International Labor Organization, said in a press briefing before the report was released on Monday, adding that there were a number of reasons behind the expected slowdown in the labor market recovery, including the spread of the “Covid 19” mutant. new.
The International Labor Organization has estimated that global unemployment is expected to reach 207 million in 2022, compared to 186 million in 2019.
For this recovery to be sustainable, Ryder said, “it must be based on the principles of decent work, job creation, labor rights, social protection and social dialogue.”
He referred to guidelines proposed by the International Labor Organization, such as that states provide incentives to employers to retain workers, such as working for shorter periods.
UN warns of slowing global labor market recovery
