United Nations rated labor market recovery

The global unemployment rate continues to significantly exceed Doparamian indicators, and compensate for the damage is unlikely to succeed earlier than 2023, writes Reuters with reference to the report of the International Labor Organization, a specialized agency of the United Nations (UN).

According to experts, this year, at least 220 million people will remain unemployed worldwide. The forecast for the next year is more optimistic – 205 million unemployed, but it is still above the level of the pre-crisis 2019, when the jobs lacked 187 million people.

“Employment growth for at least 2023 will be insufficient to compensate for losses,” is specified in the report.

Economist of the International Labor Organization Stefan Kün (Stefan Kuehn) explained Reuters that the real damage for the labor market was even more significant, if we consider the reduction of working time, which was forced to go part of the employees. The losses in the working hours in 2020 compared to the previous year can be considered an equivalent of 144 million jobs with full-time.

Women suffered most of all, young people and two billion people working in the shadow sector of the economy. Compared to 2019, the number of poor and extremely poor workers increased by 108 million people, the report says.

In Russia, the labor market can recover by the end of 2021 – with this forecast in May, Assistant President of Russia Maxim Oreshkin spoke. On the same time of return to the level of 2019, the Ministry of Labor expects

/Media reports.