UNITED NATIONS (AP) — The COVID-19 pandemic has created an “unparalleled” global labor market crisis that will affect the employment market for years, the International Labor Organization said in a report Wednesday.
The U.N. agency said that “all countries have suffered a sharp deterioration in employment and national income, which has aggravated existing inequalities and risks inflicting longer-term `scarring’ effects on workers and enterprises.”
The 164-page World Employment and Social Outlook: Trends 2021 report said the crisis has hit vulnerable workers, including 2 billion in the informal sector, women and young people the hardest.
During 2020, an estimated 8.8% of total working hours were lost — “the equivalent of the hours worked in one year by 255 million full-time workers,” the agency said. By contrast, it said, if there had not been a pandemic, the world would have created an estimated 30 million new jobs in 2020.
The Geneva-based agency said recurring waves of the pandemic around the world have caused working hour losses to remain high, with a 4.4% loss corresponding to 140 million full-time jobs in the first quarter of 2021 and a 4.4% loss in the second quarter equivalent to 127 million full-time jobs.
“The crisis is far from over,” the agency added, pointing to Latin America and the Caribbean, Europe and Central Asia as the worst affected regions in the first half of this year.
The report said an uneven economic recovery is expected to begin in the second half of 2021, driven by progress in vaccinations and large-scale fiscal spending. It projects that the recovery will create 100 million jobs this year and an additional 80 million in 2022, but says that is still far short of pre-pandemic levels.
“To make matters worse, many of the newly created jobs are expected to be of low productivity and poor quality,” the report said.
The agency predicts employment growth will be insufficient to make up for the losses suffered as a result of the pandemic until at least 2023.
It said that many businesses — especially micro and small enterprises — “have already gone bankrupt or are facing a highly uncertain future.” A survey of 4,520 businesses in 45 countries worldwide in the second quarter of 2020 found that 80% of micro-enterprises and 70% of small firms “were facing significant financial difficulties,” the report said.
“Recovery from COVID-19 is not just a health issue,” said the agency’s director, Guy Ryder. “The serious damage to economies and societies needs to be overcome too.”
Without accelerated efforts to create decent jobs and support for the world’s most vulnerable people and hardest-hit economic sectors, “the lingering effects of the pandemic could be with us for years in the form of lost human and economic potential and higher poverty and inequality,” Ryder said.
Edith M. Lederer, The Associated Press
The post UN says pandemic created an `unparalleled’ employment crisis appeared first on 660 NEWS.
¿Hay alguna forma de recuperar el historial de llamadas eliminado? Aquellos que tienen una copia de seguridad en la nube pueden usar estos archivos de copia de seguridad para restaurar los registros de llamadas de teléfonos móviles.
Wow, superb blog format! How long have you been blogging for? you make blogging glance easy. The total glance of your site is great, let alonewell as the content!
Nice post. I learn something new and challenging on sites I stumbleupon every day. It will always be helpful to read content from other writers and practice a little something from their websites.
Superb blog! Do you have any recommendations for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any ideas? Cheers!
Hey very interesting blog!
Крупный учебный и научно-исследовательский центр Республики Беларусь. Высшее образование в сфере гуманитарных и естественных наук на 12 факультетах по 35 специальностям первой ступени образования и 22 специальностям второй, 69 специализациям.
When someone writes an post he/she maintains the idea of a user in his/her mind that how a user can know it. So that’s why this article is perfect. Thanks!
Nice post. I learn something new and challenging on blogs I stumbleupon everyday. It will always be exciting to read content from other writers and practice a little something from their websites.
I like what you guys are up too. This sort of clever work and exposure! Keep up the awesome works guys I’ve added you guys to blogroll.
Usually I do not read article on blogs, however I wish to say that this write-up very pressured me to try and do so! Your writing taste has been amazed me. Thank you, quite great article.
This design is steller! You most certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
I am extremely inspired together with your writing talents and alsosmartly as with the layout for your blog. Is this a paid topic or did you customize it yourself? Either way stay up the nice quality writing, it’s rare to peer a nice blog like this one these days..
I think this is one of the such a lot significant information for me. And i’m satisfied reading your article. However want to remark on few general things, The website taste is ideal, the articles is in point of fact nice : D. Good task, cheers
Строительство автомоек под ключ – наша специальность. Мы заботимся о каждой детали, чтобы обеспечить надежное и прибыльное хозяйство.
Spot on with this write-up, I absolutely believe this website needs a lot more attention. I’ll probably be back again to read through more, thanks for the information!
What’s up everyone, it’s my first visit at this website, and post is in fact fruitful in favor of me, keep up posting these articles.
Hi there! Someone in my Myspace group shared this site with us so I came to give it a look. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Outstanding blog and great design and style.
Your destiny is in your hands—play now and shape it! Lucky Cola
Unleash your inner warrior in this RPG adventure Lucky Cola