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ILO has released 9th Edition of ‘World of Work'

Published on May 26, 2022
Current Context: Recently International Labour Organisation released a report which describes the condition of global labor, market crisis, inequalities between countries, etc.
ILO has released 9th Edition of ‘World of Work'
  • It has been reported the number of hours worked globally dropped in the first quarter of 2022, to 3.8% . About 11.2 crore jobs have lost during this period.
  • It is observed that both India and lower-middle-income countries experienced a deterioration of the gender gap in work hours in the second quarter of 2020.
  • If we talk specifically about women for every 100 women at work prior to the pandemic, 12.3 women would have lost their job on average.
  • Apart from that Women's employment in India has come down, particularly in sectors such as healthcare due to the COVID-19 pandemic.
  • There is a need to take a humane approach in order to tackle financial turbulence, potential debt distress, and global supply chain disruption.
  • Another important factor is the Ukraine war due to which the food and oil prices have increased drastically which again creates a broader impact on labor markets.

Question:

Q.1 According to the latest report released by the International Labour Organisation the number of jobs lost during a pandemic period is?
a. 10.5 crore
b. 11.2 crore
c. 13.2 crore
d. 9.6 crore
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