The heavy impact of the pandemic on the global labor market

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Il Sole 24 Ore Italia 19.04. 08:37

The heavy impact of the pandemic on the global labor market

According to the estimates by the International Labor Organization (ILO), in 2020 the number of hours worked globally fell by 8.8% compared to 2019. We are talking about 12 billion hours lost per week, the equivalent of about 250 million full time equivalent jobs that have evaporated (see Figure). »»»

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