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Covid-19 wiped out equivalent of 255 MILLION full-time jobs last year – UN labor agency

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The world lost four times more jobs last year than during the 2008-09 financial crisis, as the coronavirus pandemic rattled the global economy, the International Labour Organization (ILO) has said.

Global labor markets were disrupted “on a historically unprecedented scale” in 2020, the UN agency said in a new study released on Monday. According to its estimates, 8.8 percent of global working hours were lost last year against the final quarter of 2019. This is equivalent to over a quarter of a billion full-time jobs lost.

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