Pandemic Hit to Global Employment Is Much Worse Than Anticipated

The number of working hours lost due to the Covid-19 crisis will be “significantly higher” than projected just a few months ago, according to the International Labor Organization.

In what it termed a “dramatic revision,” the Geneva-based group now estimates that global hours worked this year will be 4.3% below their pre-pandemic level, the equivalent of 125 million full-time jobs. Africa, the Americas and Arab States were the regions that experienced the biggest declines.