Job losses from pandemic 4 times as bad as 2009 financial crisis

[marmar]

GENEVA (AP) — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.

The International Labor Organization estimated that the restrictions on businesses and public life destroyed 8.8% of all work hours around the world last year. That is equivalent to 255 million full-time jobs – quadruple the impact of the financial crisis over a decade ago.

"This has been the most severe crisis for the world of work since The Great Depression of the 1930s. Its impact is far greater than that of the global financial crisis of 2009," said ILO Director-General Guy Ryder. The fallout was almost equally split between reduced work hours and "unprecedented" job losses, he said. ........(more)

https://www.pbs.org/newshour/world/job-losses-from-pandemic-4-times-as-bad-as-2009-financial-crisis

[onecaliberal]

1. Nothing was done that's why. Think about if nothing had been done in 08.

That’s what we’ve had for a year. Trump and republicans killed 400,000+ Americans they’ve destroyed the economy for working people and transferred untold wealth to themselves and their corporate masters and they’re not ready to stop the killing and self inflicted hurting of people any time soon.