ILO Report – Global Unemployment Level In 2022

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The World Employment and Social Outlook – Trends 2022 (WESO Trends) report was produced by the International Labour Organization (ILO).

Highlights:

The World Employment and Social Outlook – Trends 2022 (WESO Trends) report was produced by the International Labour Organization (ILO). 
The paper examines complete labor market estimates for 2022 and 2023, as well as the global labor market recovery. 
The ILO’s prediction for labor market recovery in 2022 has been reduced in the WESO 2022.

Key Features:

Global unemployment is expected to reach 207 million in 2022, up from 186 million in 2019.
Globally, total working hours are expected to be 2% lower in 2022 than they were before the epidemic, resulting in the loss of 52 million full-time jobs.
The global labor participation rate in 2022 is expected to be 1.2 percentage points lower than it was in 2019, prior to the start of the new coronavirus disease (COVID-19) pandemic.
Around 40 million people will be unable to work in the global workforce by 2022.
According to the International Labour Organization, there can be no true recovery from this pandemic without a broad-based labor market rebounding.

International Labour Organisation

International Labour Organization Headquarters is in Geneva, Switzerland
 International Labour Organization Director-General is Guy Ryder
International Labour Organization Founder was Paris Peace Conference
International Labour Organization Founded in 1919

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