October 19, 2020

Equivalent of 400 million jobs lost during pandemic, ILO says

BUSINESS DAILY
BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

The International Labour Organization has said the impact of the coronavirus pandemic on jobs has been much worse than previously expected. Its latest report showed the number of hours worked globally between April and June was 14% lower than in 2019, which the ILO said is the equivalent of the loss of 400 million jobs. The employment situation is unlikely to recover until 2021, according to the UN agency, and then only if the virus is under control.