Some 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said Tuesday, April 7, warning it was the 'worst global crisis' since World War II.
WORLD OF WORK. In this photograph taken on April 6, 2020, migrant workers eat their dinner at the closed JP Iscon mall, which is used as a temporary shelter, during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in Ahmedabad. Photo by Sam Panthaky/AFPCOVID-19 pandemic
The report found that the Asia Pacific region would see the greatest loss in hours worked, with the equivalent of 125 million full-time jobs obliterated there over the next 3 months. The agency said it expected there would be"huge losses" across all different income groups, especially in upper-middle income countries.And it cautioned that the number of people added to the world's unemployment rolls this year due to the pandemic was now expected to be"significantly higher" than the 25 million it projected just two weeks ago.
Many of these people"are in low-paid, low-skilled jobs, where a sudden loss of income is devastating," it said. "We have to move fast, decisively, and together. The right, urgent, measures, could make the difference between survival and collapse."
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France heading for worst recession since WWII – minister'It's an indication of the amplitude of the economic shock we're facing,' warns French Finance Minister Bruno Le Maire. coronavirus
Read more »
Lebanon calls for financial aid amid virus outbreakLebanon is in the throes of its worst economic crisis since the 1975-1990 civil war. The coronavirus pandemic adds to the country's difficulties.
Read more »
Pray hard this Holy Week, CBCP tells Filipinos amid COVID-19 pandemic
Read more »
China to repatriate minors studying in US amid COVID-19 pandemic
Read more »
Ecuador VP apologizes after coronavirus corpses left on streetsResidents publish videos on social media showing abandoned bodies in the streets in the Latin American city worst hit by the pandemic
Read more »
The Open Championship canceled amid coronavirus, US Open postponedThe Open Championship has become the latest sporting event to be canceled this year amid the ongoing coronavirus pandemic, while the US Open has been moved from June to September.
Read more »