Lessons for future crises: How did governments mitigate job shocks during the pandemic?
The world is still grappling with the COVID-19 pandemic’s unprecedented impact on labor markets. In 2022, the global unemployment rate and the global employment-to-population ratio remained 0.5 percentage points above and 1.5 percentage points below 2019 pre-crisis levels, respectively, based on ILO estimates.
Source: worldbank.org