slowdown in creation Dutyworse conditions and light offers unemployment increase. This outlines the workforce-level scenario. international Labor Organization (ILO) worldwide by 2023. This was confirmed in a forecast report released Monday, warning that “as a result of the current slowdown, many workers will have to accept low-quality jobs, often underpaid and sometimes not accounted for.” required working hours
ILO forecasts employment to increase by 1% globally in 2023For the Europe and Central Asia region, the agency predicts that the employment slowdown will be even more severe, rising from 1.9% in 2022 to an estimated 0.7% in 2023. The particular closeness to the war in Ukraine explains much of this grand mannerism. In this sense, the ILO’s employment growth forecast of 0.7% is close to the latest estimates of the Central Bank of Spain in terms of an increase of approximately 0.5% in the number of hours worked in Spain this year.
yes ok Spain had already recovered pre-pandemic occupancy levels last year and is now at an all-time highThere are countries around the world that still cannot get rid of this effect. The ILO estimates that the expected slowdown in new job creation will be delayed until now: 2025 the invasion’s recovery from the shock of the global epidemic.
The year 2023 will be a year in which the global unemployment rate will reverse, It is heading for a slight recovery from the decline experienced between 2020 and 2022. “This moderate expected increase is largely due to the scarce job offer in high-income countries,” they reason from the ILO. In other words, more young people will join the labor market, but not enough jobs will be created to provide employment for all.
Prices increased, working conditions decreased
The same analysts warn that this rise in unemployment will affect the conditions for existing new job offers and will worsen in terms of conditions given the greater availability of the workforce employers will have. “Employment quality remains one of the main concerns”they are pointing.
Added to the lower availability of employment will likely be a bad offer. wage. Employers demand less labor and pay less as a result. It closed last year as the worst in decades in terms of purchasing power in Spain. Specifically, real wages suffered their biggest decline since 1985, the first statistical data available. Globally, 2022 was also the first year that a global wage decline was recorded.
And according to the ILO, the worldwide trend in 2023 will follow these paths. “Given that prices are rising faster than nominal income from work, the crisis with the cost of living could increase the number of people in poverty,” the report says. “The need to promote decent work and social justice is clear and urgent,” the ILO Director-General concludes, Gilbert F. Houngbo.