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LATEST NEWS UPDATES | World lost 11.2 crore jobs in the first quarter of 2022: ILO -AM Jigeesh

World lost 11.2 crore jobs in the first quarter of 2022: ILO -AM Jigeesh

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published Published on May 23, 2022   modified Modified on May 24, 2022

-The Hindu

Gender gap in India’s employment data finds mention in the report on the ‘world of work’

The "world of work" is being buffeted by multiple crises, says the ninth edition of the International Labour Organisation (ILO) Monitor. The report says that after significant gains during the last quarter of 2021, the number of hours worked globally dropped in the first quarter of 2022, to 3.8% below the employment situation before the pandemic. About 11.2 crore jobs might have lost between this period, according to the report.

The gender gap in India’s employment scenario is mentioned in the report on the "world of work". The report said both India and lower-middle-income countries excluding India experienced a deterioration of the gender gap in work hours in the second quarter of 2020. “However, because the initial level of hours worked by women in India was very low, the reduction in hours worked by women in India has only a weak influence on the aggregate for lower-middle-income countries. In contrast, the reduction in hours worked by men in India has a large impact on the aggregates,” the report mentions.

Explaining the data, an ILO official told The Hindu that for every 100 women at work prior to the pandemic, 12.3 women would have lost their job as an average through the entire period considered by the report. The official added that, in contrast, for every 100 men, the equivalent figure would have been 7.5. “Hence, the pandemic seems to have exacerbated the already substantial gender imbalances in employment participation in the country,” the official said.

The fresh lockdowns in China, the conflict between Ukraine and Russia, and the global rise in the prices of food and fuel are cited as the main reasons for the findings. The ILO urged its member countries to take a humane approach to address the situation. Financial turbulence, potential debt distress and global supply chain disruption points at a growing risk of a further deterioration in hours worked in 2022, as well as a broader impact on global labour markets in the months to come, the report said.

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The Hindu, 23 May, 2022, https://www.thehindu.com/news/national/world-lost-112-crore-jobs-in-the-first-quarter-of-2022-ilo/article65453848.ece?homepage=true


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