The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday.
The U.N. agency estimated that there was the equivalent of 112 million fewer full-time jobs in the first quarter of 2022 compared with pre-COVID levels, and there was a growing but uncertain risk that the amount of hours worked would continue to decline over 2022.
