UN Labor Agency: Half Of The World's Workers May See Their Livelihood Destroyed Because Of The Pandemic

CNBC: Nearly half the global workforce at risk of losing income due to the coronavirus, warns UN labor agency

* Nearly four-fifths of the total 2 billion people in informal work are at risk of losing income due to the coronavirus.
* The ILO says 305 million full-time jobs are at risk of being lost in the second quarter, up from its previous estimate of 195 million jobs.

Some 1.6 billion people in informal work, which is nearly half the global workforce, have become at risk of losing income as a result of the coronavirus pandemic, the International Labor Organisation has estimated.

This represented nearly four-fifths (76%) of the total 2 billion people in informal work and close to half of the entire workforce, of 3.3 billion people, worldwide.

The informal economy refers to jobs which typically have little protection, such as for income in case of sickness or lockdown.

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WNU Editor: I have been waiting for this report for the past few weeks, and their numbers are staggering. And if the pandemic continues, it will only get worse. The political/economic/and social unrest that these job losses will cause, especially in the developing world, can only be imagined. This is what causes wars and revolutions.

More News On The ILO's Report That The Pandemic Could Leave HALF The World’s Workforce Unemployed Or Without Income

Nearly half of global workforce at risk as job losses increase due to COVID-19: UN labour agency -- UN News
Coronavirus: Half world's workers may see livelihood destroyed -- BBC
Half of world’s workers ‘at immediate risk of losing livelihood due to coronavirus’ -- The Guardian
Coronavirus could leave HALF the world’s workforce unemployed or without income, UN agency warns -- Daily Mail
Coronavirus: Nearly half of world’s workers risk losing their livelihoods over COVID-19 lockdowns -- Euronews
Half the world's workers face losing their jobs, says ILO -- Al Jazeera
Nearly half of global workforce risk losing livelihoods in pandemic: ILO -- CGTN

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