The Slow Global Labor Market Recovery

(click to enlarge) The COVID-19 pandemic could cause structural shifts and long-term damage to labor forces across the globe, the International Labor Organization has warned. An uneven labor force recovery is exacerbating wealth inequality, gender inequity and technological divides among countries, the ILO said. Other trends, such as the rise of temporary work contracts and informal employment, appear to be leaving a permanent mark on working conditions. The global labor market faces a deficit of 52 million full-time jobs, and unemployment affects 207 million people. The global unemployment rate of 6.2 percent is the second highest since 2003 and isn’t […]

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