The ninth edition of “world of work” of the ILO Monitor was released by International Labour Organisation on May 23.
Key highlights
- The report says that 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% below the employment situation before the pandemic.
- About 11.2 crore jobs might have lost between this period, according to the report. The gender gap in India’s employment scenario is mentioned in the report on the “world of work”.
- The report said both India and lower-middle-income countries excluding India experienced a deterioration of the gender gap in work hours in the second quarter of 2020.
- The report also finds that a great and growing divergence between richer and poorer economies continues to characterize the recovery.
- While high-income countries experienced a recovery in hours worked, low- and lower-middle-income economies suffered setbacks in the first quarter of the year with a 3.6 and 5.7 per cent gap respectively when compared to the pre-crisis benchmark.
- These diverging trends are likely to worsen in the second quarter of 2022.
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