The global job market will take longer to recover than previously thought, with unemployment set to remain above pre-COVID-19 levels until at least 2023 due to uncertainty about the pandemic's course and duration, the International Labour Organization said in a report on Monday.
The U.N. agency estimates the equivalent of around 52 million fewer jobs in 2022 versus pre-COVID levels, which amounts to about double its previous estimate from June 2021.
Director-General Guy Ryder told journalists that there were numerous factors behind its revision, saying the "primary one is the continuing pandemic and its variants, notably Omicron." Still, the projected deficit in working hours this year represents an improvement over the past two years. In 2021, the ILO estimates there were some 125 million fewer jobs than pre-pandemic levels and in 2020, 258 million fewer.
The report predicted that the disproportionate impact of the pandemic on women's employment would narrow in the coming years but that a "sizeable gap" would remain.
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