Job markets have recovered half of Covid pandemic damage, says OECD

Says pandemic pushed 22 million out of a job in advanced economies

Labour markets in developed nations have recovered only half of the loss of employment they suffered in the pandemic, with the young and low-skilled hurt most.

That’s the conclusion of a 400-page study by the Organization for Economic Cooperation and Development, which found that about 22 million jobs disappeared by the end of 2020 in industrial nations. 

The Paris-based institution said a full recovery to pre-pandemic levels of employment won’t come until the end of next year.

The findings indicate that the coronavirus crisis accelerated a number of trends that started over the past decade, including growing income inequality, a shift toward more