America to face the hardest job losses due to pandemic, ILO says - News Summed Up

America to face the hardest job losses due to pandemic, ILO says


The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said. Its report left its estimate for second quarter job losses - calculated in terms of working hours compared to a pre-pandemic baseline - unchanged from a month ago. More than one in six working people aged up 24 had lost their jobs since the start of the outbreak, the ILO said. It was "worrisome" that the US labour market remained "difficult" while other countries easing lockdowns had started to see modest recoveries, said the director of its Employment Policy Department, Sangheon Lee. The ILO hiked its estimate of first quarter job losses by 7 million to 135 million.


Source: bd News24 May 27, 2020 18:45 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */