World Employment and Social Outlook Report 2021

On 3rd June, 2021, the International Labour Organisation (ILO) has released the annual World Employment and Social Outlook: Trends 2021 (WESO) report.

About WESO Report

  • The report analyses key labour market issues including unemployment, labour under-utilisation, working poverty, income inequality, labour income share and factors that exclude people from decent work.
  • It highlights how the COVID-19 crisis had worsened pre-existing inequalities by hitting vulnerable workers harder.

Key Findings

  • COVID-induced Job Loss: Covid-19 induced jobs loss will reach 75 million in 2021, before falling to 23 million in 2022. Further, people who have held onto their jobs have seen their ....
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