GENEVA (AN) — The U.N. labor agency estimated on Monday that job losses in 2020 due to the coronavirus pandemic were four times greater than those during the 2008-2009 global financial crisis.
The equivalent of 255 million full-time jobs were lost last year, according to a new report from the Geneva-based International Labor Organization. Those represent 8.8% of all work hours worldwide. ILO said they vanished due to lockdown restrictions that governments imposed on businesses and citizens.