On Monday, a report released by the International Labour Organisation highlighted that the 112 million jobs lost during the pandemic were yet to return to the global economy. As per the report, employment had reduced by 3.8 per cent, compared to the fourth quarter in 2019, translating into 112 million full-time jobs. The employment reduction is on account for lower number of hours worked in a job.
The deterioration had come on account of lockdowns in China. A Business Standard analysis found that a correction may not repair the imbalance which has been created with regard to the gender