Foreign Minister leads Saudi delegation at G20 summit in Brazil    Macron hosts Saudi business leaders to strengthen investments    King Salman to host 1,000 Umrah pilgrims from 66 countries    Alfanar Projects signs SR20 billion strategic contracts to drive energy sector transformation in Saudi Arabia    Huge draw at Riyadh Season with 6 million visitors in 5 weeks    Trump taps fossil fuel executive Chris Wright as energy secretary    Commercial registrations of Saudi companies post 68% growth in 20 months    Israeli airstrikes kill at least 96 Palestinians in northern and central Gaza    Flares fired near Netanyahu's home prompt investigation by Israeli police    Ethiopian Air Force helicopter crashes in Bahir Dar    Super Typhoon Man-yi forces evacuation of over 110,000 as it batters the Philippines    Anthony Hopkins to debut exclusive musical performance at Riyadh Season    Saudi national football team begins training in Jakarta ahead of Indonesia match    Saudi Arabia awarded hosting rights for the 6th UN World Data Forum 2026    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



COVID crisis to push global unemployment over 200 million mark in 2022
Published in The Saudi Gazette on 02 - 06 - 2021

The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labor experts said on Wednesday.
The International Labour Organization (ILO) also maintained in a new report that although the world's nations "will emerge" from the ongoing health crisis, "five years of progress towards the eradication of working poverty have been undone" nonetheless.
"We've gone backwards, we've gone backwards big time," said ILO Director-General Guy Ryder. "Working poverty is back to 2015 levels; that means that when the 2030 Sustainable Development Agenda was set, we're back to the starting line."
The worst-affected regions in the first half of 2021 have been Latin America and the Caribbean, Europe and Central Asia, all victims of uneven recovery.
They've seen estimated working-hour losses exceed eight percent in the first quarter and six per cent in the second quarter, far higher than the global average (of 4.8 and 4.4 percent respectively).
Women's roles questioned
Women have been hit "disproportionately" by the crisis, seeing a five percent employment fall in 2020, compared to 3.9 percent for men.
"A greater proportion of women also fell out of the labor market, becoming inactive," ILO said, noting that "additional domestic responsibilities" had resulted from lockdowns, which risked a "re-traditionalization" of gender roles.
Youth employment has also continued to suffer the economic downturn, falling 8.7 percent in 2020, compared with 3.7 percent for adults.
The most pronounced fall has been in middle-income countries where the consequences of this delay and disruption to the early labor market experience of young people "could last for years", ILO warned.
$3.20 a day
Pandemic-related disruption has also brought "catastrophic consequences" for the world's two billion informal sector workers.
Compared to 2019, an additional 108 million workers worldwide are now categorized as "poor" or "extremely poor" — meaning that they and their families live on the equivalent of less than $3.20 per person, per day.
"While signs of economic recovery are appearing as vaccine campaigns are ramped up, the recovery is likely to be uneven and fragile," Ryder said, as ILO unveiled its forecast that global unemployment will reach 205 million people in 2022, up from 187 million in 2019.
Jobs gap
The Geneva-based organization also projected a "jobs gap" increase of 75 million in 2021, which is likely to fall to 23 million in 2022 — if the pandemic subsides.
The related drop in working-hours, which takes into account the jobs gap and those working fewer hours, amounts to the equivalent of 100 million full-time jobs in 2021 and 26 million in 2022.
"This shortfall in employment and working hours comes on top of persistently high pre-crisis levels of unemployment, labor underutilization and poor working conditions," ILO said in World Employment and Social Outlook: Trends 2021, (WESO Trends).
The ILO report maintained that although global employment recovery should accelerate in the second half of 2021, it would likely be an uneven recovery.
Unequal vaccine access is to blame, ILO insisted, in addition to the limited capacity of most developing and emerging economies to support the strong fiscal stimulus measures that have characterized the approach of the world's wealthiest countries to the COVID-induced downturn.
Decent jobs essential
"Without a deliberate effort to accelerate the creation of decent jobs, and support the most vulnerable members of society and the recovery of the hardest-hit economic sectors, the lingering effects of the pandemic could be with us for years in the form of lost human and economic potential and higher poverty and inequality," said Ryder.
"We need a comprehensive and coordinated strategy, based on human-centered policies, and backed by action and funding. There can be no real recovery without a recovery of decent jobs." — UN News


Clic here to read the story from its source.