Multiple overlapping crises are buffeting the world: the Russia-Ukraine war has driven up food and energy prices. China has imposed widespread pandemic lockdowns. Supply chains are jammed and shortages of all kinds abound. All that is pushing up global inflation.Now add to the mix a global labor market whose recovery has just gone into reverse.A new report (pdf) by the International Labor Organization (ILO) finds that the total global hours worked in the first quarter of 2022 is still 3.8% below the pre-pandemic benchmark, erasing gains made in 2021’s fourth quarter.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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