Pandemic still taking heavy toll on jobs: UN

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Pandemic still taking heavy toll on jobs: UN theSun theSundaily covid19 Omicron pandemic economy UN

: The Covid-19 crisis is continuing to hit jobs hard around the world, the United Nations said Monday, warning it could take years for employment levels to reach pre-pandemic levels.

“Global labour markets are recovering from the crisis much more slowly than we previously expected,“ ILO chief Guy Ryder told reporters, warning that the outlook “remains fragile.” This year, 5.9 percent of workers globally, or some 207 million people, are expected to be officially registered as jobless, which is better than in 2021 and especially 2020, but still up from 186 million in 2019.

In 2022, the global labour force participation rate is projected to remain 1.2 percentage points below the level three years ago, it said.Ryder warned that the pandemic had already “weakened the economic, financial and social fabric in almost every country, regardless of development status.” Numerous factors appear to be driving the so-called “Great Resignation” seen in some countries, Ryder said, adding that the crisis clearly “has led a significant number of people in the workforce to reconsider the employment that they have.”

Changes like the move towards greater reliance on informal self-employment, the rise in remote work and shifting trends in temporary work, “all risk impairing the quality of working conditions”, the report said.

 

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