Global unemployment is projected to stand at 207 million in 2022. This is 21 million more than in 2019 before the novel coronavirus disease (COVID-19) pandemic began, according to the ILO World Employment and Social Outlook – Trends 2022. Global working hours in 2022 will be almost two per cent below their pre-pandemic level — that is equivalent to the loss of 52 million full-time jobs. This deficit is twice as large as the ILO’s forecast in May last year, according to the Outlook released by the ILO January 17, 2022. The downgrade in the 2022 forecast reflects the impact of ever new variants of COVID-19 on the world of work, according to the Outlook. It is estimated that in 2022 around 40 million people will no longer be participating in the global labour force.
— source downtoearth.org.in | 18 Jan 2022