ISLAMABAD: The International Labour Organisation (ILO) has said the net employment losses in Asia and the Pacific region amounted to about 58 million in 2020 owing to the pandemic while 39m of the workers exited the labour force.

Across Asia and the Pacific, the total working time in 2020 fell by the equivalent of over 130m full-time jobs, according to the World Employment and Social Outlook Report 2022 that the ILO office in Islamabad released on Tuesday.

The pandemic is estimated to have driven over 2m workers below the extreme poverty line in Asia and the Pacific in 2020. In addition, 1.6m workers fell below the moderate poverty line, reversing some of the progress made in poverty reduction in the recent decades.

Among the groups most vulnerable to the pandemic in the Asia-Pacific region are migrant workers and informal workers who account for high shares of employment in some of the heavily hit sectors, according to the ILO report.

It says the region’s labour market recovery is projected to be slow: labour force participation rates and employment-to-population ratios are expected to remain below their pre-crisis levels through 2023 in all sub-regions.

Published in Dawn, January 19th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

The Dar story continues

The Dar story continues

One wonders what the rationale was for the foreign minister — a highly demanding, full-time job — being assigned various other political responsibilities.

Editorial

Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.
All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...