UN: Joblessness from COVID-19 worse than 2009 financial crisis
A UN report says that 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.
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A UN report says that 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.
Last Updated Monday, January 25, 2021 8:41AM EST 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. 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 D...
Job losses from virus four times as bad as 2009 financial crisis 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. Share Via Email | A+A A- People wearing face masks to protect against the spread of the coronavirus cross an intersection on a street in Tokyo. (Photo | AP) By Associated Press 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. report said Monday. The Intern...
by Wire report — January 25, 2021 . 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 impact is...
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 impact is far greater than that of t...