Fragile recovery seen in global labor market after huge 2020 losses — ILO

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The losses compared with the previous year were equivalent to 255 million full-time jobs and included an “unprecedented” 114 million workers joining the ranks of the unemployed and others whose working hours were reduced due to restrictions. | Reuters

“I am pleased to say that there is some relatively good news in all of this, that we do see tentative signs of recovery – these signs are fragile, they are uncertain and the prospects are notably uneven,” he said.

ILO data show that women and younger workers were most affected, while the hardest-hit sectors were accommodation, food services, retail and manufacturing, it said. Employment loss among 15-24 years old stood at 8.7% compared with 3.7% for adults and “highlights the all too real risk of a lost generation,” it said.

 

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