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From the Liveblog of
Monday, January 25, 2021
From the Liveblog of
Monday, January 25, 2021
World shed equivalent of 255 million jobs in 2020, 4 times worse than 2009 crisis: UN
Add ToI as a Preferred Source on GoogleThe 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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