It urged nations to offer global financial support on job creation and social protection to help narrow the gap.
While global unemployment is expected to fall below pre-pandemic levels to 191 million this year, a rate of 5.3%, low-income countries lag in the recovery process, said the ILO’s 11th edition of the Monitor on the World Of Work.
Low-income countries in Africa and the Arab region are unlikely to recover to pre-pandemic levels of unemployment this year, with the jobless rate in North Africa expected to be 11.2% compared to 10.9% in 2019, said the report.
Rising debt levels compound challenges facing developing states, making policy intervention more difficult, said the ILO, which is launching a Global Coalition for Social Justice to push social justice as a national, regional and global policy.
“Investing in people through jobs and social protection will help narrow the gap between rich and poor nations and people,” said ILO Director-General Gilbert F. Houngbo.
Source: Economy - investing.com
