ILO: Employment impact of the pandemic worse than expected

#ILO; #GlobalBusiness; #laborMarket, #unemployment, #economicRecovery, #lowincome, #COVID19

GENEVA/Canadian-Media: The loss of working hours in 2021 because of the pandemic will be significantly higher than previously estimated, as a two-speed recovery between developed and developing nations threatens the global economy as a whole, says the International Labor Organization (ILO), ILO news reports said.

The ILO is now projecting that global hours worked in 2021 will be 4.3 percent below pre-pandemic…