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Global unemployment level in 2022 projected at 207 million: ILO WESO Trends 2022
- The International Labour Organisation (ILO) released its World Employment and Social Outlook – Trends 2022 (WESO Trends) report on January 17, 2022.
- The report analyses comprehensive labour market projections for 2022 and 2023 and assesses how labour market recovery has unfolded worldwide.
- In the WESO 2022, ILO has downgraded its forecast for labour market recovery in 2022.
- Key figures in WESO Trends 2022
- The global unemployment level in 2022 is estimated at 207 million, compared to 186 million in 2019.
- Total working hours globally in 2022 is projected to be 2% below the pre-pandemic level, and that is equivalent to the loss of 52 million full-time jobs.
- The global labour force participation rate in 2022 is projected to remain 1.2 percentage points below that of 2019, before the novel coronavirus disease (COVID-19) pandemic began.
- In 2022 around 40 million people will no longer be participating in the global labour force.
- ILO states that there can be no real recovery from this pandemic without a broad-based labour market recovery.
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