The coronavirus in 2020 has caused abrupt and profound changes, slowing the economy even further. It is having an adverse impact on the world's labor markets, particularly on workers in informal employment, the self-employed, daily wage earners and workers in sectors at the highest risk of disruption. The COVID 19 and World of work, 7 th edition indicates that the Global unemployment increased by 33 million in 2020 while the 81 million shifted to the inactivity or declined in the labor force. The ILO estimation shows that in 2020, Globally, around half of working-hour losses are due to employment loss, while the other half can be attributed to reduced working hours (including workers who remain employed but are not working).
This event will share the impact of COVID 19 in informal and unpaid care work and the need to build an equal, inclusive and sustainable economies for resilient societies in the face of pandemics.