World Employment and Social Outlook 2022: Relevance
- GS 2: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
World Employment and Social Outlook 2022: Context
- Recently, International Labour Organisation (ILO) has released the World Employment for Social outlook 2022 where it said that global unemployment will cross the 200 million mark in 2022.
World Employment and Social Outlook 2022: Key points
- ILO has said that the number is 21 million more than in 2019—before the COVID-19 pandemic began.
- Global working hours in 2022 will be almost two per cent below their pre-pandemic level which is equivalent to the loss of 52 million full-time jobs.
- The downgrade in the 2022 forecast reflects the impact of new variants of COVID-19 on employment scenario in the world.
- The report has also estimated that in 2022 around 40 million people will no longer be participating in the global labour force.
- The report has also estimated that in 2022, an additional 30 million adults fell into extreme poverty.
- Extreme poverty: people living on less than $1.90 per day in purchasing power parity.
- The number of extreme working poor has increased by eight million.
- Many low and middle-income countries have low access to vaccines. Moreover, they have limited scope to expand government budgets to address the crisis.
- While most of the countries are facing severe downside risks to their labour market recovery that stem from the ongoing impact of the pandemic.
- However, the outlook is the most negative for Latin America and the Caribbean and for southeast Asia.
- Sectors like travel and tourism have been largely impacted, while sectors like information technology have thrived.
- Women have been worse hit by the labour market crisis.
- The closing of education and training institutions, due to pandemic induced lockdown, will have long-term implications for young people, specifically those without internet access.
World Employment and Social Outlook 2022: Suggestions
- There is the need for a broad-based labour market recovery — the recovery must be human-centred, inclusive, sustainable and resilient.
- The recovery must be based on the principles of decent work — including health and safety, equity, social protection and social dialogue.
Also Read:
