Developing countries, including those in Latin America and the Caribbean, will have to face a worse than originally anticipated, longer-term COVID-19 impact on employment, according to adjusted figures recently released by the International Labour Organization (ILO).
Contrary to the ILO’s earlier projection that global hours worked this year would be 3.5 per cent below pre-pandemic levels, the equivalent of 100 million full-time jobs, the UN agency is now projecting that the global hours worked this year will be 4.3 per cent below pandemic levels, the equivalent of 125 million jobs.