The number of jobs lost around the world due to the coronavirus crisis could be ...
GENEVA - The number of jobs lost around the world due to the coronavirus crisis could be “far higher” than the 25 million the International Labour Organization estimated just a week ago, a senior ILO official said on Thursday.
The United Nations agency said on March 18 that, based on different scenarios for the impact of the pandemic on global economic growth, estimated the global ranks of jobless would rise by between 5.3 million and 24.7 million. “We are trying to factor in the temporary massive shock into our estimate modeling. The magnitude of fluctuation is much bigger than expected,” he said.
Figures released on Thursday showed the number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week.
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