400 Mn Jobs Lost in Q2 (Download PDF)

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400 Mn Jobs Lost in Q2

  • International Labour Organization said that in the wake of novel coronavirus pandemic, nearly 400 million full-time jobs were lost between April-June 2020 (second quarter) .
  • The job losses in Africa are much more than its earlier estimates.
  • Many more working hours were lost in Asia than earlier predictions.
400 Mn Jobs Lost in Q2

Overview

  • In the Asia-Pacific region, around 59 percent full time jobs have been wiped out.
  • South Asia accounted for 110 million of the total 235 million full time jobs lost this quarter.
  • Ever since the first quarter, job losses increased by over 400 percent in south Asia and Africa.
  • In three months of pandemic around 245 million additional full-time jobs have been lost.
  • The south Asian (Afghanistan, Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) region lost around 89 million jobs.
  • The number of working hours has consistently declined since March 2020. It meant a loss of full-time jobs.
  • Almost 14 percent of the entire world՚s working hours were estimated to be wiped out in the second quarter.
  • The dip in working hours this quarter was significantly higher than previous ILO projections.
  • An estimate has pegged this to be around 10.7 percent in May 2020.
  • April՚s estimate is around 11 percent.
  • Latin America has witnessed a greater reduction in working hours – 20 percent decline in second half of 2020
  • South Asia witnessed 18 percent decline in the second half of 2020.
  • In Africa, the total working hour loss in second quarter was- 12.1 percent (45 million full time jobs) .
  • Northern Africa was most affected with 15 percent decline in total working hours.
  • Any recoveries in the labour market in the second half of the year will be uncertain and incomplete.

- Published/Last Modified on: December 19, 2020

Economy, Health

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