{"id":110555,"date":"2021-06-04T18:28:03","date_gmt":"2021-06-04T12:58:03","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=110555"},"modified":"2021-06-04T18:28:03","modified_gmt":"2021-06-04T12:58:03","slug":"ilo-releases-world-employment-and-social-outlook-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ilo-releases-world-employment-and-social-outlook-report\/","title":{"rendered":"ILO releases &#8220;World Employment and Social Outlook&#8221; report"},"content":{"rendered":"<h5><\/h5>\n<h5><strong>What is the News?<\/strong><\/h5>\n<p>The International Labour Organisation (ILO) has released the annual World Employment and Social Outlook: Trends 2021 (WESO) report.<\/p>\n<h5><strong>About the World Employment and Social Outlook report:<\/strong><\/h5>\n<ul>\n<li><strong>The report analyses <\/strong>key labour market issues including unemployment, labour underutilisation, working poverty, income inequality, labour income share and factors that exclude people from decent work.<\/li>\n<li>It highlights how the COVID-19 crisis had worsened pre-existing inequalities by hitting vulnerable workers harder.<\/li>\n<\/ul>\n<h5><strong>\u00a0<\/strong><strong>Key Findings of the World Employment and Social Outlook report<\/strong><\/h5>\n<ul>\n<li><strong>COVID-induced job loss: <\/strong>Covid-19 induced jobs loss will reach 75 million in 2021, before falling to 23 million in 2022.\n<ul>\n<li><strong>Further, people who have held<\/strong> onto their jobs have seen their working hours cut dramatically.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Global Unemployment: <\/strong>Unemployment is expected to stand at 205 million people in 2022. This far greater than the 187 million in 2019. This corresponds to an unemployment rate of 5.7%.<\/li>\n<li><strong>Poor quality of jobs<\/strong>: The quality of newly created jobs would likely deteriorate in developing and emerging economies.<\/li>\n<li><strong>Increase in Poverty<\/strong>: Compared to 2019, an additional 108 million workers worldwide are now categorized as poor or extremely poor. <em>This means they and their families live on the equivalent of less than US$3.20 per person per day.<\/em><\/li>\n<li><strong>Women: <\/strong>Covid-19 crisis has hit women disproportionately. They have lost jobs at a greater rate than men. Moreover, additional domestic responsibilities for women from crisis lockdowns have created the risk of a \u201c<span style=\"text-decoration: underline;\">re-traditionalization\u201d of gender roles<\/span>.<\/li>\n<li><strong>Child Labour: <\/strong>The crisis has also appeared to reverse the decade of progress in battling child labour and forced labour.<\/li>\n<\/ul>\n<p>The report cautions that in absence of any decisive action, <a href=\"https:\/\/forumias.com\/blog\/reason-behind-covid-vaccine-shortage-crisis\/\" target=\"_blank\" rel=\"noopener\">COVID-crisis<\/a> will impact the global labour market for the long term.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.newindianexpress.com\/world\/2021\/jun\/03\/covid-19-pandemic-plunges-100-million-more-workers-into-poverty-united-nations-2311162.html\"><strong>Indian Express<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? The International Labour Organisation (ILO) has released the annual World Employment and Social Outlook: Trends 2021 (WESO) report. About the World Employment and Social Outlook report: The report analyses key labour market issues including unemployment, labour underutilisation, working poverty, income inequality, labour income share and factors that exclude people from decent&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/ilo-releases-world-employment-and-social-outlook-report\/\">Continue reading <span class=\"screen-reader-text\">ILO releases &#8220;World Employment and Social Outlook&#8221; report<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1305,7965,9],"tags":[1420,1414],"class_list":["post-110555","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-index-reports-bodies","category-miscellaneous-daily-factly-articles","category-public","tag-ir_3","tag-soc_4","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700773598,"cached_date":1704810427},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/110555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=110555"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/110555\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=110555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=110555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=110555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}