Global employment crisis deepening, an equivalent of 400 million jobs lost

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Work hours are down 14%, more than double the number forecast by UN in April. FMTNews Coronavirus

A person looks inside the closed doors of the Pasadena Community Job Center in California on May 7.

That is more than double the number forecast by the UN organisation back in April, when it expected 6.7% of working hours to be lost by the end of the second three-month period of the year. Its report pointed out that 93% of the world’s workers live in countries still affected by some sort of workplace closures, with the Americas experiencing the greatest restrictions.The United States and Latin America are currently the areas hardest-hit by the pandemic, which has killed more than 500,000 people worldwide and infected more than 10 million.

Overall, the Americas lost over 18% of working hours during the second quarter, equivalent to 70 million full-time jobs, the ILO said. Women are more likely to be in the sectors most affected by the crisis, and they also bear most of the additional burden brought on by closures of schools and care facilities.

The ILO painted three possible scenarios for the second half of the year, but Ryder acknowledged “we cannot see a scenario in which we get back to the starting point with which we began the year.”

 

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