Pandemic/Unemployment: the “most severe crisis” since the second world war

Pandémie/Chômage: la «crise la plus grave» depuis la deuxième guerre mondiale

The job market is facing with the pandemic coronavirus his more ” serious crisis since the second world war “, 1.25 billion of workers at risk of dismissal or reduction of salary, considers the international labour Organization (ILO).

According to a new study published Tuesday, the UN agency estimates that the pandemic of the novel coronavirus should do away with 6.7% of work hours in the world during the second quarter of 2020, 195 million full-time-equivalents (for a working week of 48 hours).

These heavy losses in terms of jobs are expected especially in countries with upper-middle-income (100 million full-time equivalent affected), a situation that is going ” well above and beyond the effects of the financial crisis of 2008-09 “.

The arab countries and Europe are expected to be strongly affected, in terms of their population, but in absolute numbers, it is the Asia-Pacific region is expected to suffer the most, in this period of the year.

Overall, these devastating losses in terms of hours worked and jobs is “the world crisis, the worst since the second world war,” warns the ILO.

Many countries have called on their population to stay home to reduce the risk of spread of the virus, which has killed more than 75,500 people in the world, and against which there is no treatment or vaccine.

In the global workforce of 3.3 billion people, more than four in five (81%) are currently affected by the complete or partial closure of workplaces, according to the ILO.

As well, $ 1.25 billion of workers are currently employed in the sectors identified as being at high risk of increases “drastic and devastating” layoffs and reduction of wages and hours worked.

The final ascent to global unemployment for the year 2020 will largely depend on the measures adopted, warns the ILO, which judge highly likely that the impact of the pandemic on unemployment in the world is significantly higher than the initial projection, issued on march 18, which was 25 million jobs lost.

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