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World shed equivalent of 255 million jobs in 2020, 4 times worse than 2009 crisis: UN

The coronavirus pandemic took a “massive” toll on the global labor market last year, the United Nations says, with the equivalent of more than a quarter of a billion jobs lost.

In a fresh study, the UN’s International Labour Organization (ILO) finds that a full 8.8 percent of global working hours were lost in 2020, compared to the fourth quarter of 2019.

That is equivalent to 255 million full-time jobs, which is “approximately four times greater than the number lost during the 2009 global financial crisis,” the ILO says in a statement.

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