China News Service, Beijing, May 23 (Reporter Liu Liang) The latest report released by the International Labour Organization on the 23rd shows that multiple global crises have led to a marked deterioration in the recovery of the global labor market, and inequality within and between countries is increasing.
The ILO monitoring report: COVID-19 and the world of work, ninth edition, found that after making significant progress in the last quarter of 2021, global hours worked fell in the first quarter of 2022, compared with the pre-crisis baseline (2019 No. Fourth quarter) down 3.8%.
This equates to a deficit of 112 million full-time jobs.
The report notes that the Russian-Ukrainian crisis has exacerbated inflation (especially energy and food prices), financial turmoil, potential debt crises and disruptions to global supply chains, which means that there is a growing risk of further declines in working hours in 2022, and in the future The impact on the global labor market is more widespread in a few months.
The report also found that while working hours have recovered in high-income countries, low- and lower-middle-income economies suffered setbacks in the first quarter of the year, with a gap of 3.6% and 5.7% respectively compared to pre-crisis benchmarks.
These divergent trends are likely to worsen in the second quarter of 2022.
In some developing countries, governments are increasingly constrained by a lack of fiscal space and debt sustainability challenges, while businesses face economic and financial uncertainty and workers continue to lack adequate social protection.
More than two years after the outbreak, many employed groups are still suffering from labor market impacts.
The report shows that most workers' labor income has not recovered.
In 2021, three-fifths of workers live in countries where labor income has not yet recovered to the level of the fourth quarter of 2019.
The gender gap in working hours has also widened during the pandemic.
In the first quarter of 2022, the global gender gap in working hours widened by 0.7 percentage points from the pre-crisis benchmark (Q4 2019).
In terms of income groups, low- and middle-income countries have seen the largest increases in the gender gap.