Influence of COVID-19 on the labor market

As a result of the COVID-19 pandemic, an estimated 2.7 billion people, or more than four out of five workers in the global workforce, have been affected by lockdowns and stay at home measures

In 2020 the global unemployment rate increased by 1.1 percentage points to 6.5 percent. Most low- and mediumskilled workers lost their jobs in comparison to high-skilled workers

Business and government leaders have been challenged to both respond to the crisis quickly and rethink their workforce strategies in real time

Past year proved that, when faced with an unprecedented crisis, organizations and workers are capable of tremendous resilience