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World lost equivalent of 255 million jobs in 2020: UN

Business closed over Covid

In this file photo taken on May 4, 2020, a woman walks past a food store in Arlington, Virginia, announcing that the business is closed during a lockdown due to the Covid-19 pandemic.

Photo credit: Olivier Douliery | AFP

What you need to know:

  • In a fresh study, the UN's International Labour Organization (ILO) found that a full 8.8 percent of global working hours were lost in 2020.
  • Globally, employment losses for women last year stood at five percent, compared with 3.9 percent for men.

Geneva,

The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.