Friday
March 20
2020

Report: Almost 25 Million Jobs Could Be Lost Worldwide as a Result of COVID-19, Says ILO

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO).

However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower.

The preliminary assessment note, COVID-19 and the world of work: Impacts and responses , calls for urgent, large-scale and coordinated measures across three pillars: protecting workers in the workplace, stimulating the economy and employment, and supporting jobs and incomes.

Photo courtesy of Andy Miah.

Source: Press Release (link opens in a new window)

Tags
economic development, employment, job creation, jobs, poverty alleviation