World Employment and Social Outlook report

Why in news?

• World Employment and Social Outlook report was recently released by the International Labour Organization (ILO).

About the Report and its findings:

• The report analyses key labour market issues, including unemployment, labour underutilization, working poverty, income inequality, labour income share and factors that exclude people from decent work.
• ILO forecasts that unemployment will rise by about 2.5 million this year due to the unprecedented disruption to labour markets worldwide due to the COVID-19 pandemic.
• The pandemic has worsened long-standing inequalities with many women workers dropping out of the labour force.
• Global unemployment is expected to be at 205 million in 2022, surpassing the 2019 level of 187 million.
• Job losses may push an estimated additional 108 million workers and their family members into poverty.

Prelims Question

World employment and social outlook report is published by:
(a)World Economic Forum
(b)International Labour Organization (ILO)
(c)OECD
(d)United nations development program

Answer to prelims question