Labour Market

ILO: A Global Jobs Deficit of 52 Million in 2022

In its latest forecast in the “World Employment and Social Outlook: Trends 2022“, the International Labour Organization (ILO) projects that labour markets will remain weak through 2023, estimating a deficit in hours worked globally equivalent to 52 million full-time jobs compared to the pre-pandemic level.

The global employment rate* in 2022 is expected to be 1.8 percentage points below its 2019 level. "A return to pre-pandemic performance is likely to remain elusive for much of the world over the coming years", the ILO said in its report.