World Of Work Report : ILO
The “world of work” is being buffeted by multiple crises, says the ninth edition of the International Labour Organisation (ILO) Monitor.
- 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.
- Multiple new and interconnected global crises, including inflation (especially in energy and food prices), financial turbulence, potential debt distress, and global supply chain disruption – exacerbated by war in Ukraine – means there is a growing risk of a further deterioration in hours worked in 2022.
- The gender gap in hours worked also grew during the pandemic.
- The report spells out a series of measures as a way forward, which are in line with ILO’s Global Call to Action for a human-centred recovery , and the ILO-led UN initiative, the Global Accelerator for Jobs and Social Protection.