The International Labor Organization issues pessimistic forecasts for the labor market post-pandemic

The United Nations confirmed on Monday that the Covid-19 pandemic is still weighing on employment and the labor market in all over the world, so the recovery of the market and the return of its numbers to the levels before the health crisis could take years.

The International Labor Organization was forced to revise its expectations for the market recovery questyear and reduced them in significantly, mainly due to the impact of the delta outbreak and the Omicron mutant on most countries of the world.

“Two years after the crisis began, the outlook remains fragile and the path to recovery is slow and uncertain,” said ILO Director-General Guy Ryder, according to the AFP.

“We are starting to see potentially sustainable damage to the labor market and we are seeing an alarming increase in poverty and inequality,” Ryder added, referring for example to “many workers forced to change jobs”, as in the case of tourism and travel. , Where Health Restrictions Have Impacted The COVID-19 outbreak has greatly impacted workflow.

The official unemployment rate is even higher than before the pandemic, as the International Labor Organization estimated that the number of unemployed reached 207 million people, up from 186 million unemployed in 2019, to remain high at least until 2023.

The organization expects the overall activity rate to remain 1.2% lower than the media of 2019.

He pointed out that the health crisis, which has caused the deaths of more than 5.5 million people in around the world, according to official data, and trillions of dollars in losses, has affected much more than official data show, because questlast not to include people who have left the labor market.

distant recovery

“We will not recover from this pandemic without a far-reaching labor market recovery,” continued Ryder. “For recovery to be sustainable, it must be built on the basis of respectful work, including health, safety, equality, social protection and social dialogue.”

According to the report, North America and Europe show more obvious signs of recovery, in contrast with Southeast Asia, South America and the Caribbean.

At the national level, the International Labor Organization notes that “the recovery of the labor market is stronger in high-income countries while it is weaker in low-middle-income economies”.

The report also states that “the disproportionate consequences of the crisis on women’s work will continue in the coming years”.

The report also notes that school closures sometimes for very long periods “will have a long-term ripple effect” for young men and women. in especially those that are not connected to the Internet.

damage repair

“Without concerted efforts and effective policies at the international and national levels, it will likely take years in some countries to repair the damage “with long-term consequences” for the participation rate and the income of families, but also for social and even political cohesion “, reflects Ryder.

And Oxfam, which fights against inequality around the world, released a report on Monday in which noted that “inequality contributes to at least 21,000 deaths a day, or one person every four seconds”.

The wealth accumulated by the total of billionaires since the start of the Covid-19 pandemic has seen a $ 5 trillion increase, “or” the largest increase in billionaire wealth since the record was recorded “, reaching levels higher, that is, $ 13.8 trillion, while the incomes of 99% of humanity have fallen.

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