World employment and social outlook trend report 2021 From International Labor Organization

The following is the World employment and social outlook trend report 2021 From International Labor Organization recommended by recordtrend.com. And this article belongs to the classification: global economy , research report.

According to the latest assessment of the International Labor Organization (ILO), the labor market crisis caused by the pandemic is far from over, and employment growth will not be enough to make up for the losses at least until 2023.

According to the international labor organization’s world employment and social outlook: trends in 2021, the “employment gap” caused by the global crisis will reach 75 million in 2021, and then drop to 23 million in 2022. The gap related to working hours, such as employment gap and reduction of working hours, is equivalent to 100 million full-time jobs in 2021 and 26 million full-time jobs in 2022. This reduction in employment and working hours is based on the pre crisis high unemployment rate, underutilization of labor force and poor working conditions.

Therefore, it is estimated that the number of unemployed people in the world will reach 205 million in 2022, greatly exceeding the level of 187 million in 2019. This is equivalent to an unemployment rate of 5.7%. Apart from the epidemic crisis, the last time there was such an unemployment rate was in 2013.

The regions most affected in the first half of 2021 are Latin America and the Caribbean, as well as Europe and Central Asia. In these two regions, work loss is expected to exceed 8% in the first quarter and 6% in the second quarter, while global work loss is expected to be 4.8% and 4.4% in the first quarter and the second quarter, respectively.

The global employment recovery is expected to accelerate in the second half of 2021 on the premise that the overall situation of the epidemic does not worsen. However, the recovery will be uneven because of unequal access to vaccines and the limited capacity of most developing countries and emerging economies to support strong fiscal stimulus. In addition, the quality of new jobs created in these countries is likely to decline.

The decline in employment and working hours has translated into a sharp decline in labor income and a corresponding increase in poverty. Compared with 2019, there are 108 million workers in the world who are classified as poor or extremely poor (meaning they and their families live on less than $3.20 a day)“ The progress made in eliminating labor poverty in the past five years has come to nothing, “the report said, which makes it even more uncertain to achieve the 2030 poverty eradication goal of the United Nations sustainable development goals.

The report found that the epidemic crisis hit vulnerable workers even harder, exacerbating the existing inequality. The widespread lack of social protection – for example, among the two billion informal workers worldwide – means that the disruption of work associated with the pandemic has had disastrous consequences for family income and livelihoods.

Globally, the youth employment rate will drop by 8.7% in 2020, while the adult employment rate will drop by 3.7%, especially in middle-income countries. The consequences of this delay and disruption to young people’s early labor market experience can last for years.

The impact of the pandemic on the outlook for the youth labor market is described in more detail in an ILO brief released in conjunction with trends 2021“ The latest report on the impact of the epidemic crisis on the youth labor market also found that the gender gap in the youth labor market has become more obvious.

Gai Ryder, director general of the international labor organization, said, “recovery from the epidemic is not just a health issue. There is also a need to overcome its serious economic and social damage. If special measures are not taken to accelerate the creation of decent jobs and support the recovery of the most vulnerable members of society and the most affected sectors of the economy, the residual impact of the epidemic may accompany us for many years in the form of loss of human and economic potential and more poverty and inequality. ““ We need a comprehensive and coordinated strategy, based on people centred policies, supported by action and funding. A recovery without decent jobs is not a real recovery. “.

In addition to focusing on the loss of working hours and direct employment, as well as the lost employment growth, the 2021 trend report also outlines the recovery strategy based on four principles: promoting broad-based economic growth and creating productive employment; Support the transformation of family income and labor market; Strengthening the institutional basis for inclusive, sustainable and resilient economic growth and development; And using social dialogue to develop a people-centered recovery strategy.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.