The loss of working hours in 2021 because of the pandemic will be significantly higher than previously estimated, as a two-speed recovery between developed and developing nations threatens the global economy as a whole, says the International Labour Organization.
The ILO is now projecting that global hours worked in 2021 will be 4.3 per cent below pre-pandemic levels (the fourth quarter of 2019), the equivalent of 125 million full-time jobs. This represents a dramatic revision of the ILO’s June projection of 3.5 per cent or 100 million full-time jobs.
The eighth edition of the ILO Monitor: COVID-19 and the world of work , warns that without concrete financial and technical support, a “great divergence” in employment recovery trends between developed and developing countries will persist.
Read more:
https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_824098/lang–en/index.htm