Veranstaltungsberichte

KAS Japan COVID-19 Weekly Updates

von Cristita Marie Perez

ILO: Uncertain and incomplete labor market recovery

The International Labour Organization (ILO) warns of an uncertain and incomplete labor market recovery as the job crisis brought about by COVID-19 deepens. The ILO’s latest analysis released last June 30, 2020 finds that COVID19’s impact on work is more severe than previously anticipated.

Key messages include:

1. There was a 14 % drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs (based on a 48-hour working week). For Asia and the Pacific, the working time losses for the second were at 13.5%. 

2. The highly uncertain recovery in the second half of 2020 is not enough to bring back the number of jobs lost before the pandemic. Job losses will continue in all scenarios presented by the ILO.

3. The key challenge of finding the right balance and sequencing of health, economic and social and policy interventions to produce optimal sustainable labour market outcomes remain.


 

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