ILO Monitor 2022- Relevance for UPSC Exam
- GS Paper 2: Governance, Administration and Challenges- Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
9th Edition of ILO Monitor 2022 in News
- Recently, the 9th Edition of International Labour Organisation (ILO) Monitor Report was released.
- 9th Edition of International Labour Organisation (ILO) Monitor says that the “world of work” is being buffeted by multiple crises.
Key Findings of ILO Monitor 2022
- Reduced number of Work: The ILO report says that after significant gains during the last quarter of 2021, the number of hours worked globally dropped in the first quarter of 2022, to 3.8% below the employment situation before the pandemic.
- Job loss: About 11.2 crore jobs might have lost between pre pandemic and first quarter of 2022, according to the ILO Monitor report.
- Other reasons for Unemployment: The fresh lockdowns in China, the conflict between Ukraine and Russia, and the global rise in the prices of food and fuel are cited as the main reasons for the ILO Monitor 2022 findings.
ILO Monitor 2022 on Gender Gap in Employment
- The gender gap in India’s employment scenario is mentioned in the report on the “world of work”.
- The report said both India and lower-middle-income countries excluding India experienced a deterioration of the gender gap in work hours in the second quarter of 2020.
- However, because the initial level of hours worked by women in India was very low, the reduction in hours worked by women in India has only a weak influence on the aggregate for lower-middle-income countries.
- In contrast, the reduction in hours worked by men in India has a large impact on the aggregates.
- Exacerbating the existing gap: the pandemic seems to have exacerbated the already substantial gender imbalances in employment participation in the country
- In India, for every 100 women at work prior to the pandemic, 12.3 women would have lost their job as an average through the entire period considered by the report.
- In contrast, for every 100 men, the equivalent figure would have been 7.5.
ILO Monitor 2022- Major threats to Unemployment
- Financial turbulence, potential debt distress and global supply chain disruption points at a growing risk of a further deterioration in hours worked in 2022, as well as a broader impact on global labour markets in the months to come.
- Inequality: A “great and growing divergence between richer and poorer economies” continues to characterise the recove
- While high-income countries experienced a recovery in hours worked, low- and lower-middle-income economies suffered setbacks in the first quarter of the year.