Tag Archives: ILO

COVID To Push Global Unemployment Over 200 Million Mark in 2022

The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labour experts said on Wednesday.

The International Labour Organization (ILO) also maintained in a new report that although the world’s nations “will emerge” from the ongoing health crisis, “five years of progress towards the eradication of working poverty have been undone” nonetheless.

“We’ve gone backwards, we’ve gone backwards big time,” said ILO Director-General Guy Ryder. “Working poverty is back to 2015 levels; that means that when the 2030 Sustainable Development Agenda was set, we’re back to the starting line.”

The worst-affected regions in the first half of 2021 have been Latin America and the Caribbean, Europe and Central Asia, all victims of uneven recovery.

They’ve seen estimated working-hour losses exceed eight per cent in the first quarter and six per cent in the second quarter, far higher than the global average (of 4.8 and 4.4 per cent respectively). More