FILE PHOTO: Director-General of the International Labour Organization Guy Ryder speaks during the 108th ILO International Labour Conference at the United Nations in Geneva, Switzerland June 10, 2019. REUTERS/Denis Balibouse/File Photo
In its latest report, the U.N. labour agency said that the fall in global working hours was “significantly worse than previously estimated” in the first half of the year, with the Americas the hardest-hit region. For the fourth quarter, the ILO estimated that 4.9% of working hours or 140 million jobs would be lost. Under a pessimistic scenario in a so-called second wave of the pandemic, this figure could rise to 11.9% or 340 million jobs, it said.
“The figures reflect the worsening conditions especially in developing countries. The region where we see the greatest of all is in the Americas,” he said.
No return for a long time! No idea where economy experts get the idea that it will be a normal second half of the year with people out of jobs. No money, no food. I'm here in Panama. People are getting $100 to get food. No EI no stimulus cheques! Around the globe companies close!
Viel Ungewissheit..... und mit Geld kann man nicht alles erreichen.