The

International Labor

Organization (ILO) forecasts that a total of

207 million people

will be

unemployed

in the world in

2022

, 21 million more than those who were unemployed in 2019, before the pandemic broke out.

This is reflected in its report on Social and Employment Outlook in the World for 2022, presented this Monday and in which they do not detail data for Spain. According to estimates by this organization, the number of hours actually worked will remain 2% below the pre-pandemic level this year, which is equivalent to a

deficit of 52 million full-time jobs.

“Projections up to 2023 suggest that

a full recovery in employment will remain elusive

. All regions face serious downside risks to their labor market recovery from the fallout from the pandemic. is altering the structure of labor markets in such a way that a return to pre-crisis benchmarks may be insufficient to offset the damage it has caused.

The weakness of the labor markets is compounded by

inflation

, which makes recovery even more difficult. "

The increase in the prices

of basic products and essential goods, when the labor markets still have a long way to go to recover,

significantly reduces disposable income

and, therefore,

increases the cost of the crisis

," they point out.

But, if inflation persists, the ILO warns that

central banks will tighten their monetary policy

and this, in turn, "would hit low-income households more severely", which suggests that it would be advisable to help them continue increasing prices through wage increases or transfer of costs to final prices.

In 2021, according to the ILO, the global

employment rate

stood at 55.9%, 1.4 points below the level of 2019, with great disparity between countries.

Impact of the pandemic on education... and on the employment of the future

The

gap between female and male employment

will

remain in 2022,

according to their forecasts, although it will be more pronounced in upper-middle income countries, where the employment rate of women is expected to be 1.8 points lower in 2022 to that of 2019, compared to the difference of 1.6 points in the case of men. Women present employment rates 16 points lower than that of men.

The ILO also warns of the

impact of the pandemic on education

.

"In many countries, the closure of schools, universities and vocational training centers for prolonged periods has undermined learning outcomes, which will have

long-term knock-on consequences for employment

and the continuation of education, as well as training of young people, especially those who have had limited or no access to online learning opportunities," they warn.

Conforms to The Trust Project criteria

Know more

  • Spain

  • economy

  • job

  • Unemployment

EmploymentThe private sector still has 100,000 fewer workers than before the crisis

EmploymentThe year 2021 closes with 776,000 more jobs but 3.1 million people are still unemployed

EmploymentManpowerGroup expects the creation of one million jobs in Spain between 2022 and 2023, 90% in the service sector

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