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Global unemployment to stand at 207 million in 2022 | Global unemployment estimated to be 207 million in 2022: International Labor Organization

Once again, there is a rapid increase in the cases of corona across the world. Meanwhile, the International Labor Organization has released unemployment figures. According to a report by the International Labor Organization (ILO), global unemployment is projected to reach 207 million in 2022, due to the slow recovery of the economy and the spread of new COVID-19 forms.

New Delhi

Published: January 18, 2022 03:46:56 pm

The pandemic corona virus continues to wreak havoc all over the world. During this, lakhs of people had to lose their jobs. At the same time, a large number of people have also testified their lives. Once again, there is a rapid increase in the cases of corona across the world. Meanwhile, the International Labor Organization has released unemployment figures. According to a report by the International Labor Organization (ILO), due to the slow recovery of the economy and the spread of new COVID-19 forms, global unemployment is projected to reach 207 million in 2022, pushing the 2019 level to over 21 million. Is. The ILO released its major report titled World Employment and Social Outlook (WESO) Trends 2022.

Global unemployment

almost double the previous estimate
The UN agency, based on the latest economic growth forecasts, estimates that there are about 52 million fewer jobs in 2022 than pre-Covid levels, almost double its previous estimate from June 2021. Disruptions are set to continue in 2023, when there will still be around 27 million fewer jobs, it warned of a “slow and uncertain” recovery in its World Employment and Social Outlook report for 2022.

207 million estimated to be unemployed
The outlook for the global labor market has deteriorated since the final estimates of the ILO, the report said. In the coming few years, the pre-pandemic may once again take a formidable form for much of the world. Director General Guy Ryder has mentioned this epidemic. He said that in view of the current situation, he has estimated that there is little hope of getting relief from this. The new variant of the corona virus, Omicron, has once again created a ruckus in the world. Thus, about 207 million people are estimated to be unemployed in 2022.

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There were 125 million fewer jobs in 2021
The report said that many people have left the labor force due to the effects of the pandemic. Looks like they haven’t come back yet. The projected deficit in working hours this year represents an improvement over the past two years. In 2021 the ILO estimates there were about 125 million fewer jobs than pre-pandemic levels and, in 2020, 258 million fewer. According to the report, since the start of recovery, employment growth trends in low- and middle-income countries have been far below those seen in wealthier economies, mainly due to lower vaccination rates and tighter financial spaces in developing countries.

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