The ILO estimated that some 2.4 million jobs had been lost in Ukraine since Russia invaded in February – Copyright AFP SAM PANTHAKY
The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said Monday, suggesting a “sharp” slowdown was already underway.
In a fresh report, the International Labour Organization cautioned that the outlook for global labour markets has deteriorated in recent months.
“The ILO projects that if current trends continue, global employment growth will deteriorate significantly in the last three months of this current year 2022, and unemployment might start increasing,” agency chief Gilbert Houngbo told reporters.
The UN agency warned that multiple, overlapping crises, compounded by Russia’s war in Ukraine, were piling up with the world still in the grips o