Lost of 225m Global Jobs in 2020
The International Labor Organisation
(ILO) of the United Nations found in a recent report that a full 8.8 percent of global working hours were missed in 2020 relative to the fourth quarter of 2019.
That is equal to 255 million full-time jobs, or ‘around four times the amount lost in the global financial crisis of 2009,’ the ILO said in a statement. “Since the Great Depression of the 1930s, this has been the most severe crisis in the world of work,” ILO Leader Guy Ryder told reporters in a virtual briefing.
The UN Labor Agency clarified that approximately half of the work hours missed were estimated from shortened working hours for those left in jobs. Yet last year, the planet also saw “unprecedented levels of loss of employment,” it reported.