Manila, Oct. 28 -- Working hours lost in 2021 due to the pandemic will be significantly higher than estimated, according to an International Labor Organization (ILO) report released on Wednesday.
The eighth edition of the ILO Monitor: Covid-19 and the World of Work report also points out that differing recovery rates between developed and developing nations threaten the global economy.
The ILO is now projecting that global hours worked in 2021 will be 4.3 percent below pre-pandemic levels, equivalent to some 125 million full-time jobs.
The figure represents a dramatic revision of the ILO's June projection of 3.5 percent or 100 million full-time jobs.
"Dramatically unequal vaccine distribution and fiscal capacities are driving these tren...