COVID-19: 4 out of 5 jobs globally affected by the pandemic. BBC)-A total of 81% of the global workforce of 3.3 billion people have had their workplace fully or partly closed.
Restrictions on daily life have led to the closure of many companies and the laying off of staff – either permanently or temporarily. The International Labour Organization (ILO), an agency of the United Nations, has been looking at the global impact with a series of charts.
Their work shows the global scale of the impact of the coronavirus outbreak. “Workers and businesses are facing catastrophe, in both developed and developing economies,” said ILO director-general Guy Ryder.
“We have to move fast, decisively, and together. The right, urgent, measures, could make the difference between survival and collapse.”
Nearly 200 Million People Could End Up Out Of Work
The outbreak is expected to wipe out 6.7% of working hours across the world during the second quarter of 2020. That is the equivalent of 195 million full-time workers losing their jobs.
The worst-hit region is predicted to be the Arab states, with an 8.1% decline in working hours (five million full-time workers). The ILO says it is “the most severe crisis” since World War Two.
It adds that the eventual increase in global unemployment during the course of 2020 will depend largely on two factors:
How quickly the world economy recovers in the second half of the year. How effectively policy measures will boost the demand for labour. There is a high risk that the end-of-year worldwide unemployment figure will be much higher than an initial ILO projection of 25 million people.
Accommodation Services And Manufacturing Badly Hit
Different sectors of the economy have been hit in different ways by the sudden downturn in work.
Not surprisingly, with travel at a minimum and social lives put on hold, the accommodation and food services industries are among those suffering most, along with manufacturing, wholesale and retail, and real estate and business.
Together, they account for nearly 38% of the global workforce, with 1.25 billion people employed in these industries around the world.
Source – znbc
In other news – Zimbabwean scientist makes important COVID-19 discovery
SCIENTISTS around the world have been tirelessly working to find a cure for Covid-19. A group of South Africa-based scientists and researchers have contributed to the cause and have made a vital discovery, and the group includes Zimbabwean scientist Dr. Stanford Kwenda.
Dr. Kwenda attended Lord Malvern in Harare, before graduating with a BSc. Hons Biological Sciences from the Midlands State University (MSU) in Gweru. He previously worked as a…continue reading.