Transcription of Updated estimates and analysis
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Updated estimates and analysis
25 January 2021 ILO Monitor: COVID-19 and the world of work. Seventh edition Updated estimates and analysisKey messagesLatest labour market developmentsWorkplace closures The share of workers living in countries with COV ID -19 related restrictions has remained high, with 93 per cent of the world s workers residing in countries with some form of workplace closure measures in place in early January 2021. Within countries, more geographically targeted and sector-specific measures have gradually become the norm over the course of the pandemic, and these were still affecting 77 per cent of workers at the start of the year (close to the peak of 85 per cent reached in late July 2020).Working-hour losses in 2020 New annual estimates confirm that labour markets around the world were disrupted in 2020 on a historically unprecedented scale.
Employment losses in 2020 translated mainly into rising inactivity rather than unemployment. Accounting for 71 per cent of global employment losses, inactivity increased by 81 million,2 which resulted in a reduction of the global labour force participation rate by 2.2 percentage points in 2020 to 58.7 per cent.
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