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ILO Estimates 400 Million Jobs Lost Amid COVID-19

Adel 1 July, 2020 5:36 pm Economic Report, Market Update

The International Labour Organization (ILO) has said the impact of the coronavirus pandemic on jobs is expected to be much worse than expected. 

The agency’s latest report showed that the number of working hours globally between April and June was 14% lower than in 2019, which the International Labor Organization said is equivalent to 400 million jobs. 

According to the United Nations agency, the employment situation is unlikely to recover until 2021, and only after that if the virus is under control. The ILO added that full or partial lockdown measures are now affecting almost 2.7 billion workers, representing around 81% of the world’s workforce.

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