GENEVA: Global unemployment is expected to remain above pre-COVID-19 levels until at least 2023 and is estimated at 207 million this year, almost 21 million more than in 2019, according to a report from the International Labour Organisation (ILO) that gives assessments on how labour market recovery has unfolded worldwide.
The Geneva-based United Nations agency 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 number of global hours worked prepandemic, according to the ILO World Employment and Social Outlook Trends 2022 report.
The report warns of slow and uncertain recovery as the pandemic continues to have a significant impact on global labour markets.
Global unemployment is expected to remain above pre COVID-19 levels until at least 2023. The 2022 level is estimated at 207 million, compared to 186 million in 2019, the report said.
Continue reading your story on the app
Continue reading your story in the newspaper
Amber Heard was almost dropped from ‘Aquaman 2’
She was given a smaller role in the sequel due to her ‘lack of chemistry’ with Jason Momoa
I’ve been rebellious and independent as a child: Fatima Sana Shaikh
Shaikh, a renowned child star, made her Hindi cinema debut as a lead in the 2016 superhit ‘Dangal’
IPL: Stunning Patidar takes RCB to 207 for 4 against LSG
Little-known domestic bulwark Rajat Patidar found his hour of fame as his magnificent 49-ball hundred propelled Royal Challengers Bangalore to an imposing 207 for 4 against Lucknow Super Giants in the IPL Eliminator on Wednesday.
Three Pakistani JeM terrorists killed in Baramulla encounter
A policeman was also killed in the encounter
2,174 unrecognised parties to face ECI heat for not following norms
‘ABSENCE IN COMPLIANCE DEPRIVE IN ENSURING FREE & FAIR ELECTIONS’
Top leaders in race as Congress may get 11 seats in Upper House
This will help the party strengthen its position in RS from current 29 to 33 members
SC orders police against abuse of sex workers, media from publishing their pictures
Top court issues directions in exercise of power under Article 142 of the Constitution since the Union government is yet to come up with legislation on this matter
Yasin Malik awarded life imprisonment
Terror funding case: Delhi court says crime intended to strike at the idea of India
Isolate suspected monkeypox cases at designated health facilities: Govt
Sources say so far only one traveller from Canada having symptoms of monkeypox infection had been isolated. However, samples collected from the passenger turned out negative for the infection
Kapil Sibal quits Congress, files Rajya Sabha nomination with SP backing
Says it’s not easy to leave relationship of 30-31 years