A report issued by the United Nations International Labor Organization revealed that the Covid-19 epidemic has caused "severe damage" to the jobs sector, with the equivalent of 255 million jobs lost in 2020.
According to the report, in 2020 there was a loss of 8.8 percent of working hours in the world (compared to the fourth quarter in 2019), equivalent to 255 million full-time jobs, which means four times more working hours compared to the period of the financial crisis in 2009.
In this regard, the President of the ILO, Jay Ryder stressed that this is the most severe crisis in the world of work since the Great Depression in the 1930s.
The new Coronavirus, which spread in China more than a year ago, killed more than 2.1 million people infected tens of millions and devastated the global economy.
The labor organization revealed that about half of the lost work hours were calculated from the reduced working hours of those who remained at work. Indicating that the world also witnessed unprecedented levels of job losses last year.
This led to a rise in global unemployment by 1.1 percent according to official figures, or 33 million people, to a total of 220 million, making the global unemployment rate 6.5 percent last year.
Source (Asharq Al-Awsat Newspaper, Edited)
