The United Nations issued a warning today, Monday, citing the “sharp” slowdown and other problems that are weighing heavily on the global labour market in addition to the Ukrainian conflict.
According to a forecast from the International Labor Organization, “global job growth will decrease in the last quarter of 2022, based on present trends.
More coordinated measures at the national and international levels will be required to handle the extremely troubling global labour market position and stop a significant overall fall in it in light of this rapidly deteriorating situation.
The report added that creating job opportunities and job quality in a decline in the exacerbation of energy crises, food security, high inflation, tightening monetary policies and fears of imminent global recession.
The group also issued a warning, stating that “the data available indicates a sharp slowdown in the labour market,” noting that at the start of this year, the world had started to recover from the height of the epidemic and employment rates had returned to pre-pandemic levels or had even exceeded them in the majority of advanced economies. And it warned that the issue was partly caused by the rise in informal jobs, which typically lack social security, and that the height was particularly noticeable in sectors that required high skills and women.
The company claims that since the number of working hours was 1 in recent months, the problem has gotten worse. 5% lower in the third quarter than it was before the epidemic, that is, 40 million full -time jobs..
The international labour market is expected to slow down “sharply,” according to the UN.
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