Jacquelyn Blain | T-Th 11:30-12:45 | SP20221

Sources Lorenzo Dimaio

In this article it talks about, that the outbreak is expected to wipe out 6.7% of working hours across the world during the second quarter of 2020. That is the equivalent of 195 million full-time workers losing their jobs. The worst-hit region is predicted to be the Arab states, with an 8.1% decline in working hours (five million full-time workers). There is a high risk that the end-of-year worldwide unemployment figure will be much higher than an initial ILO projection of 25 million people. https://www.bbc.com/news/business-52199888

In this it talks about, A startling indicator of the economic impact of COVID-19 is that unemployment rates reached the highest level since the Great Depression in April. As a result, claims for unemployment benefits have risen dramatically, though millions of people who have lost their jobs have been unable to apply or have had trouble applying for this benefit. Yet these figures do not reveal the extent to which households are struggling financially as a result of a COVID-19 related job loss. https://www.brookings.edu/blog/up-front/2020/07/13/covid-19-job-and-income-loss-leading-to-more-hunger-and-financial-hardship/

1 Comment

  1. Jacquelyn Blain

    Fascinating information. Good job locating these two sources.

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