GENEVA, Switzerland – The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated. The highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels, even in the best scenario, and risks seeing continuing large-scale job losses, warns the International Labour Organization (ILO).

According to the ILO Monitor: COVID-19 and the world of work – 5th edition, there was a 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs (based on a 48-hour working week). This is a sharp increase on the previous ILO Monitor’s estimate (issued on May 27) of a 10.7 per cent drop (305 million jobs).

http://www.jamaicaobserver.com/business-observer/international-labour-organization-warns-of-uncertain-and-incomplete-labour-market-recovery_197469