A further consequence is the increase in working poverty levels. Overall, labour income is estimated to have fallen by as much as 10 per cent in the Asia–Pacific region in the first three quarters of 2020, equivalent to a 3 per cent loss in gross domestic product. Millions of women have also paid a high price and it could take years for those who have exited the labour force to return to full employment.” Labour income as another crisis victim With fewer paid hours of work, median incomes are falling. When they do find work, it may well be a job that does not match to their aspirations. ![]() “With increased unemployment, young workers are likely to find it difficult to compete for new jobs. “The report shows a clear picture of young people and women being pushed out of work compared to other workers,” says Ms Sara Elder, Senior Economist at the ILO Regional Office for Asia and the Pacific and lead author of the report. The youth share in overall employment loss was 3 to 18 times higher than their share in total employment. Young people have also been especially affected by working-hour and job losses. Also, women were more likely to move into inactivity than men. Women and young people are disproportionately hit According to the report, most countries in the region saw a larger decline in working hours and employment for women than men. These pre-crisis weaknesses have left far too many exposed to the pain of economic insecurity when the pandemic hit and inflicted its toll on working hours and jobs,” said Ms Chihoko Asada Miyakawa, ILO Assistant Director General and Regional Director for Asia and the Pacific. Low levels of social security coverage and limited institutional capacity in many countries have made it difficult to help enterprises and workers back on their feet, a situation compounded when large numbers remain in the informal economy. “COVID-19 has inflicted a hammer-blow on the region’s labour markets, one that few governments in the region stood ready to handle. Using available quarterly data, the report provides a preliminary estimate that the regional unemployment rate could increase from 4.4 per cent in 2019 to somewhere between 5.2 per cent and 5.7 per cent in 2020. Working-hour losses are also influenced by the millions of persons moving outside the labour force or into unemployment as job creation in the region collapsed. Overall, working hours in Asia and the Pacific decreased by an estimated 15.2 per cent in the second quarter and by 10.7 per cent in the third quarter of 2020, relative to pre-crisis levels. ![]() The impact of the crisis has been far-reaching, with underemployment surging as millions of workers are asked to work reduced hours or no hours at all. In nearly all economies with available quarterly data for 2020, employment levels contracted compared to 2019. © ILO BANGKOK (ILO News) – Massive drops in working hours due to the COVID-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).Īccording to Asia–Pacific Employment and Social Outlook 2020: Navigating the crisis towards a human-centred future of work estimates, the economic backlash of the COVID-19 pandemic wiped out some 81 million jobs in 2020. ![]() Pandemic leads to huge reduction in working hours, reverses job growth and pushes millions into working poverty. ĪPESO 2020 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific.Preparing the future of work in Asia-Pacific.Labour market governance and working conditions.
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