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The pandemic caused an unprecedented hit to the global economy last year, destroying the equivalent of 225 million full-time jobs, the United Nations has said.
The crisis caused an 8.8% drop in working hours - four times more than followed the 2008 financial crisis.
The UN said looking at job cuts alone drastically understated the damage.
It also warned that recovery remains uncertain, despite hope that vaccines will spur an economic rebound.
Working hours in 2021 are likely to remain more than 3% lower than they were in 2019 - roughly the equivalent of 90 million full-time jobs, predicts the report, by the UN s International Labor Organization (ILO).
Geneva: The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.
In a fresh study, the UN s International Labour Organization (ILO) found 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, or approximately four times greater than the number lost during the 2009 global financial crisis, the ILO said in a statement. This has been the most severe crisis for the world of work since the Great Depression of the 1930s, ILO chief Guy Ryder told reporters in a virtual briefing.
Chief Rabbi Yitzhak Yosef condemns the ultra-Orthodox rioters who have been violently resisting police efforts to enforce lockdown restrictions, calling them “young delinquents” and “rioters” who are “desecrating God’s name” and calling on the Haredi community to renounce them.
Israel’s Sephardi Chief Rabbi Yitzhak Yosef attends the traditional selling of the the hametz (food containing leavening) of the state of Israel to a non-Jew before the upcoming Passover holiday, on March 29, 2018. (Miriam Alster/Flash90)
“There is no justification for violent acts and that should stop immediately,” the Sephardi chief rabbi says, adding that the actions “aren’t in the name of the Torah.”
World lost equivalent of 255 million jobs in 2020: United Nations
In a fresh study, the UN s International Labour Organization (ILO) found that a full 8.8 percent of global working hours were lost in 2020, compared to the fourth quarter of 2019. AFP
Source: Reuters
The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.
In a fresh study, the UN s International Labour Organization (ILO) found 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, or approximately four times greater than the number lost during the 2009 global financial crisis, the ILO said in a statement.