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The latest analysis of the labour market impact of COVID-19 by the ILO, records massive damage to working time and income, with prospects for a recovery in 2021 slow, uneven and uncertain unless early improvements are supported by human-centred recovery policies. © Fahad Abdullah Kaizer / UN Women GENEVA, 25 January 2021 (ILO)* – Tentative signs of recovery are emerging in global labour markets, following unprecedented disruption in 2020 due to the COVID-19 pandemic , according to the latest report from the International Labour Organization. New annual estimates in the seventh edition o...

Date Time ILO: Uncertain and uneven recovery expected following unprecedented labour market crisis Tentative signs of recovery are emerging in global labour markets, following unprecedented disruption in 2020 due to the COVID-19 pandemic, according to the latest report from the International Labour Organization. New annual estimates in the seventh edition of the ILO Monitor: COVID-19 and the world of work confirm the massive impact that labour markets suffered in 2020. The latest figures show that 8.8 per cent of global working hours were lost for the whole of last year (relative to the four...

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GENEVA - Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N.

AP Photo/Eugene Hoshiko GENEVA (AP) — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday. The International Labor Organization estimated that the restrictions on businesses and public life destroyed 8.8% of all work hours around the world last year. That is equivalent to 255 million full-time jobs - quadruple the impact of the financial crisis over a decade ago. “This has been the most severe crisis for the world of work since The Great Depression of the 1930s. Its i...