Saturday, October 18, 2025
24*7 News World
  • Home
  • World
    PHOTO CREDIT :Keukenhof

    Keukenhof Gardeners Plant the First Flower Bulbs

    Dr. Sara George Muthoot receiving the Lifetime Achievement Award from Ambassador Deepak Vohra, Former Indian Diplomat and Special Advisor, at a ceremony held in New Delhi

    Dr. Sara George Muthoot Receives Lifetime Achievement Award

    10 Transformative Innovations for Climate Action and Planetary Health

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Supercomputing India 2025 Sets the Stage for HPC, AI, and Quantum Innovation

    Global health security hangs in the balance in a volatile and uncertain world, report emphasizes

  • National
    • All
    • Economy & Politics
    • Election

    Landmark Leisure India is proud to open its third Fun Block center at Unity One Elegante Mall, Netaji Subhash Place, Pitampura, on 15 October 2025.

    PHOTO CREDIT :Keukenhof

    Keukenhof Gardeners Plant the First Flower Bulbs

    “It’s our way of adding an extra spark to the festive season, making it more joyful and memorable for everyone.”-Ms. Kamakshi Mantri- CSO, Mantri Square Mall

    TTD Approves New Tirupati Temple in Mangaluru: TTD Member S Naresh Kumar

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

  • Business

    UBS appoints Chief AI Officer to drive its AI strategy

    “I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently and shape the future in an AI-first world.”-Srini Pallia, CEO & MD.

    Infosys Logo (PRNewsfoto/Infosys)

    Infosys: Quarterly revenue crosses $5 bn mark

  • Health
    Happiest Health Logo

    Happiest Health launches Happiest Ayurveda clinic in Jayanagar, Bengaluru.

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Chief Minister Siddaramaiah inaugurated a super specialty hospital in Belgaum.

    Heart Transplant Gives 63-Year-Old Man from Madanapalle a New Lease of Life

    KARNATAKA HEALTH MINISTER DINESH GUNDU RAO LAUNCHES DOCBRELLA.

    Mauritius to Host 2nd International Musculoskeletal Summit (IMS 2.0) 2025

  • Technology
    • All
    • Environment
    • Science

    NTT DATA Enhances Salesforce Capabilities with Strategic Acquisition of EXAH

    India’s Best Minds Must Power Defence Innovation for Vision 2047,” says CMD, BEL at CII AeroDef Tech Summit 2025

    150 students complete Sona Group’s Xccelerator 2.0 Programme powered by Unreal Engine, Dassault

    OPPO India launches F31 5G Series: The Best Smartphone for Durability with Smooth and powerful performance

    L&T Technology Services, SiMa.ai Collaborate for Product Innovation in Mobility, Healthcare, Industrial Automation & Robotics

    Apple Koregaon Park opens to customers this Thursday September 4 in Pune - PHOTO CREDIT-Apple

    Apple Koregaon Park opens to customers this Thursday, September 4, in Pune

  • Auto

    Ola Launches Ola शfRत; enters India’s 1 Lakh Cr Battery Energy Storage Systems (BESS) market

    Volvo Cars celebrates four million cars produced on SPA architecture

    Vinay Raina, Chief Commercial Officer, JSW MG Motor India and Rajiv Sanghvi, Managing Director, PPS Motors handing over newly launched MG Windsor Inspire Edition to a customer at PPS-MG LB Nagar Showroom in Hyderabad

    PPS Motors launches MG Windsor Inspire Edition.

    Nitin Gadkari, Union Minister of Road Transport & Highways with Anurag Mehrotra, Managing Director, JSW MG Motor India

    JSW MG Motor India Launches the Windsor Inspire Edition

  • Sports

    Alireza’s Super 10 confirms Bengaluru Bulls top eight spot after dismantling Dabang Delhi

    TOYOTA GAZOO Racing title fighters enter asphalt adventure

    Greenwood High Hosts CISCE National Chess Championship 2025

    ‘India has good, leading swimmers, they just need more of them,’ says legendary swimming coach Michael Bohl

  • Entertainment

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

  • Lifestyle
    • All
    • Food
    • Travel

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Founders addressing the media with Sonu Nigam

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

    Jockey India marks a milestone — 1500th Exclusive Brand Store in India

    Jockey Marks Retail Milestone with Launch of 1500th Exclusive Brand store in India

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Knot.dating Becomes Operationally Profitable Faster Than Expected

No Result
View All Result
24*7 News World
  • Home
  • World
    PHOTO CREDIT :Keukenhof

    Keukenhof Gardeners Plant the First Flower Bulbs

    Dr. Sara George Muthoot receiving the Lifetime Achievement Award from Ambassador Deepak Vohra, Former Indian Diplomat and Special Advisor, at a ceremony held in New Delhi

    Dr. Sara George Muthoot Receives Lifetime Achievement Award

    10 Transformative Innovations for Climate Action and Planetary Health

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Supercomputing India 2025 Sets the Stage for HPC, AI, and Quantum Innovation

    Global health security hangs in the balance in a volatile and uncertain world, report emphasizes

  • National
    • All
    • Economy & Politics
    • Election

    Landmark Leisure India is proud to open its third Fun Block center at Unity One Elegante Mall, Netaji Subhash Place, Pitampura, on 15 October 2025.

    PHOTO CREDIT :Keukenhof

    Keukenhof Gardeners Plant the First Flower Bulbs

    “It’s our way of adding an extra spark to the festive season, making it more joyful and memorable for everyone.”-Ms. Kamakshi Mantri- CSO, Mantri Square Mall

    TTD Approves New Tirupati Temple in Mangaluru: TTD Member S Naresh Kumar

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

  • Business

    UBS appoints Chief AI Officer to drive its AI strategy

    “I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently and shape the future in an AI-first world.”-Srini Pallia, CEO & MD.

    Infosys Logo (PRNewsfoto/Infosys)

    Infosys: Quarterly revenue crosses $5 bn mark

  • Health
    Happiest Health Logo

    Happiest Health launches Happiest Ayurveda clinic in Jayanagar, Bengaluru.

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Chief Minister Siddaramaiah inaugurated a super specialty hospital in Belgaum.

    Heart Transplant Gives 63-Year-Old Man from Madanapalle a New Lease of Life

    KARNATAKA HEALTH MINISTER DINESH GUNDU RAO LAUNCHES DOCBRELLA.

    Mauritius to Host 2nd International Musculoskeletal Summit (IMS 2.0) 2025

  • Technology
    • All
    • Environment
    • Science

    NTT DATA Enhances Salesforce Capabilities with Strategic Acquisition of EXAH

    India’s Best Minds Must Power Defence Innovation for Vision 2047,” says CMD, BEL at CII AeroDef Tech Summit 2025

    150 students complete Sona Group’s Xccelerator 2.0 Programme powered by Unreal Engine, Dassault

    OPPO India launches F31 5G Series: The Best Smartphone for Durability with Smooth and powerful performance

    L&T Technology Services, SiMa.ai Collaborate for Product Innovation in Mobility, Healthcare, Industrial Automation & Robotics

    Apple Koregaon Park opens to customers this Thursday September 4 in Pune - PHOTO CREDIT-Apple

    Apple Koregaon Park opens to customers this Thursday, September 4, in Pune

  • Auto

    Ola Launches Ola शfRत; enters India’s 1 Lakh Cr Battery Energy Storage Systems (BESS) market

    Volvo Cars celebrates four million cars produced on SPA architecture

    Vinay Raina, Chief Commercial Officer, JSW MG Motor India and Rajiv Sanghvi, Managing Director, PPS Motors handing over newly launched MG Windsor Inspire Edition to a customer at PPS-MG LB Nagar Showroom in Hyderabad

    PPS Motors launches MG Windsor Inspire Edition.

    Nitin Gadkari, Union Minister of Road Transport & Highways with Anurag Mehrotra, Managing Director, JSW MG Motor India

    JSW MG Motor India Launches the Windsor Inspire Edition

  • Sports

    Alireza’s Super 10 confirms Bengaluru Bulls top eight spot after dismantling Dabang Delhi

    TOYOTA GAZOO Racing title fighters enter asphalt adventure

    Greenwood High Hosts CISCE National Chess Championship 2025

    ‘India has good, leading swimmers, they just need more of them,’ says legendary swimming coach Michael Bohl

  • Entertainment

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

  • Lifestyle
    • All
    • Food
    • Travel

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Founders addressing the media with Sonu Nigam

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

    Jockey India marks a milestone — 1500th Exclusive Brand Store in India

    Jockey Marks Retail Milestone with Launch of 1500th Exclusive Brand store in India

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Knot.dating Becomes Operationally Profitable Faster Than Expected

No Result
View All Result
24*7 News World
No Result
View All Result
Home Business

As jobs crisis deepens, ILO warns of uncertain and incomplete labour market recovery

FWM by FWM
June 30, 2020
in Business
0
© Jennifer A. Patterson / ILO

© Jennifer A. Patterson / ILO

COVID-19: Stimulating the economy and employment

The International Labour Organization’s latest analysis of the labour market impact of COVID-19 finds its impact on the world of work was more severe than previously estimated, and offers three scenarios for the second half of 2020.

30 June 2020

GENEVA (ILO News) – The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated, while the highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels, even in the best scenario, and risks seeing continuing large scale job losses, warns the International Labour Organization (ILO).

ADVERTISEMENT

According to the ILO Monitor: COVID-19 and the world of work: 5th Edition , there was a 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs (based on a 48-hour working week). This is a sharp increase on the previous Monitor’s estimate  (issued on May 27), of a 10.7 per cent drop (305 million jobs).

The new figures reflect the worsening situation in many regions over the past weeks, especially in developing economies. Regionally, working time losses for the second quarter were: Americas (18.3 per cent), Europe and Central Asia (13.9 per cent), Asia and the Pacific (13.5 per cent), Arab States (13.2 per cent), and Africa (12.1 per cent).* 

The vast majority of the world’s workers (93 per cent) continue to live in countries with some sort of workplace closures, with the Americas experiencing the greatest restrictions.

Second half of 2020

The new Monitor presents three scenarios for recovery in the second half of 2020: baseline, pessimistic and optimistic. It stresses that the long-term outcome will depend on the future trajectory of the pandemic and government policy choices.

The baseline model – which assumes a rebound in economic activity in line with existing forecasts, the lifting of workplace restrictions and a recovery in consumption and investment – projects a decrease in working hours of 4.9 per cent (equivalent to 140 million full-time jobs) compared to Q4 2019.

The pessimistic scenario assumes a second pandemic wave and the return of restrictions that would significantly slow recovery. The consequence would be a fall in working hours of 11.9 per cent (340 million full-time jobs).

The optimistic scenario assumes that workers’ activities resume quickly, significantly boosting aggregate demand and job creation. With this exceptionally fast recovery, the global loss of working hours would fall to 1.2 per cent (34 million full-time jobs).

Impact on women

The Monitor also finds that women workers have been disproportionately affected by the pandemic, creating a risk that some of the modest progress on gender equality made in recent decades will be lost, and that work-related gender inequalities will be exacerbated.

The severe impact of COVID-19 on women workers relates to their over-representation in some of the economic sectors worst affected by the crisis, such as accommodation, food, sales and manufacturing. Globally, almost 510 million or 40 per cent of all employed women work in the four most affected sectors, compared to 36.6 per cent of men.

Women also dominate in the domestic work and health and social care work sectors, where they are at greater risk of losing their income and of infection and transmission, and are also less likely to have social protection. The pre-pandemic unequal distribution of unpaid care work has also worsened during the crisis, exacerbated by the closure of schools and care services.

“Next week the ILO is convening a high-level, virtual, Global Summit on COVID-19 and the World of Work . I hope that governments, workers and employers will use this opportunity to present and listen to innovative ideas, discuss lessons learned and come up with concrete plans to work together to implement a recovery that is job-rich, inclusive, equitable and sustainable. We must all step up to the challenge of building a better future of work.”

Guy Ryder, ILO Director-General

Key challenges ahead

While countries have adopted policy measures with unprecedented speed and scope, the Monitor highlights some key challenges ahead:

  • Finding the right balance and sequencing of health, economic and social and policy interventions to produce optimal sustainable labour market outcomes.
  • Implementing and sustaining policy interventions at the necessary scale when resources are likely to be increasingly constrained.
  • Protecting and promoting the conditions of vulnerable, disadvantaged and hard-hit groups to make labour markets fairer and more equitable.
  • Securing international solidarity and support, especially for emerging and developing countries.
  • Strengthening social dialogue and respect for rights.

“The decisions we adopt now will echo in the years to come and beyond 2030. Although countries are at different stages of the pandemic and a lot has been done, we need to redouble our efforts if we want to come out of this crisis in a better shape than when it started,” said ILO Director-General Guy Ryder.

“Next week the ILO is convening a high-level, virtual, Global Summit on COVID-19 and the World of Work . I hope that governments, workers and employers will use this opportunity to present and listen to innovative ideas, discuss lessons learned and come up with concrete plans to work together to implement a recovery that is job-rich, inclusive, equitable and sustainable. We must all step up to the challenge of building a better future of work,” he concluded.

Tags: economic policyeconomic recoveryfuture of workgender equalityhours of workinequalitylabour marketlow incomepovertysafety managementsocial dialoguesocial protectionsustainable developmentThe International Labour Organizationvulnerable groupswomen workers
FWM

FWM

Related Posts

Business

UBS appoints Chief AI Officer to drive its AI strategy

by FWM
October 16, 2025
Business

“I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently and shape the future in an AI-first world.”-Srini Pallia, CEO & MD.

by FWM
October 16, 2025
Infosys Logo (PRNewsfoto/Infosys)
Business

Infosys: Quarterly revenue crosses $5 bn mark

by FWM
October 16, 2025
Business

HSBC launches Digital Merchant Services in India

by FWM
October 16, 2025
Business

“The wind sector contributes 23 % of total RE installed capacity of India”-Mr. RPV Prasad, Managing Director, Envision Energy India

by FWM
October 14, 2025

Stay Connected

Alireza’s Super 10 confirms Bengaluru Bulls top eight spot after dismantling Dabang Delhi

October 18, 2025

Landmark Leisure India is proud to open its third Fun Block center at Unity One Elegante Mall, Netaji Subhash Place, Pitampura, on 15 October 2025.

October 18, 2025
PHOTO CREDIT :Keukenhof

Keukenhof Gardeners Plant the First Flower Bulbs

October 17, 2025

Recent News

Alireza’s Super 10 confirms Bengaluru Bulls top eight spot after dismantling Dabang Delhi

October 18, 2025

Landmark Leisure India is proud to open its third Fun Block center at Unity One Elegante Mall, Netaji Subhash Place, Pitampura, on 15 October 2025.

October 18, 2025
PHOTO CREDIT :Keukenhof

Keukenhof Gardeners Plant the First Flower Bulbs

October 17, 2025

Ola Launches Ola शfRत; enters India’s 1 Lakh Cr Battery Energy Storage Systems (BESS) market

October 17, 2025
ADVERTISEMENT

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

error: Content is protected !!
No Result
View All Result
  • Home
  • World
  • National
  • Business
  • Economy & Politics
  • Election
  • Health
  • Technology
  • Auto
  • Sports
  • Entertainment
  • Lifestyle

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

Go to mobile version