ILO Reports Latin American Labor Market Retreated a Decade Because of Covid-19

The setback resulted in losing the progress made in past years in the share of women in the labor market and the reduction of child labor.

RIO DE JANEIRO, BRAZIL - Latin America's labor markets have regressed by at least ten years due to the Covid-19 crisis, which has closed at least one in ten jobs, pushed unemployment to its highest level in recent decades, and marked historical lows in employment and labor share.

This is the scenario set by the International Labor Organization (ILO), which on Thursday, December 17th, presented its report "Labor Panorama 2020" for Latin America and the Caribbean, a document that once again confirmed that the region has been the most affected by the pandemic in economic terms and that its . . .

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