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ILO: Expectations of slower job recovery in the world

2022-01-17T18:00:14.249Z

Geneva, SANA- The International Labor Organization has expected that the recovery of the global job market will take longer than previously thought, and



Geneva-Sana

The International Labor Organization has predicted that the recovery of the global job market will take longer than previously thought and that unemployment rates will remain high until at least 2023, due to the uncertainty about the course and duration of the Covid-19 pandemic.

The United Nations estimated in a report issued today under the name “Global Employment and Social Prospects for 2022” and reported by Reuters that the number of jobs will decrease by the equivalent of about 52 million jobs in 2022 compared to the pre-Covid 19 rates, which amounts to about twice the previous estimates of the organization in June 2021.

She added: The turmoil will continue in 2023, when there will be about 27 million jobs, and warned of a slow and uncertain recovery, explaining that the prospects for the global labor market have deteriorated and that a return to the situation prior to the pandemic is still likely to be out of reach for many countries in the world.

According to the report, the speed of recovery varies in different regions, with Europe and North America showing the most encouraging signs, followed by Southeast Asia and South America.

In total, it is estimated that about 207 million people will be unemployed in 2022, however, the report stated that the impact will be greater because many have left the labor market and have not yet returned.

Source: sena

All business articles on 2022-01-17

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