GENEVA (ILO News):--- Multiple global crises are causing a marked deterioration in the global labor market recovery, with increasing inequalities within and between countries, according to a new report from the International Labour Organization (ILO).
The 9th edition of the ILO Monitor on the World of Work finds 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 per cent below the pre-crisis benchmark (fourth quarter of 2019). This is equivalent to a deficit of 112 million full-time jobs.
This represents a significant downgrading ...
...
To read more: https://www.smn-news.com/index.php/st-maarten-st-martin-news/40449-labour-market-recovery-goes-into-reverse.html
View comments
Hide comments