Skip to content

Virus Variants Dim the Prospects for a Global Jobs Recovery

  • ILO projects shortfall of 52 million jobs compared with 2019
  • Inflation, pandemic mean recovery may take to 2023 or longer

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Even as U.S. companies scramble to fill jobs, the global unemployment rate is expected to remain above pre-pandemic levels until at least 2023, according to the International Labor Organization.