Skip to content
NOWCAST Flying Pig Marathon
Live Now
Advertisement

Job losses during pandemic are 4 times as bad as the 2009 financial crisis

Job losses during pandemic are 4 times as bad as the 2009 financial crisis
the first one is the economic relief related to Cover 19 pandemic. Really, the second one is protection protecting the federal workforce. Vice President Harrison I just received a briefing from our economic team and we remain in once in a century public health crisis. That's led to the most unequal job and economic crisis in modern history. And the crisis is only deepening. It's not getting better. It's deepening. Yesterday we learned that 900,000 more Americans file for unemployment 900,000. But this is happening today in America, and this cannot be who we are as a country. These air, not the values of our nation. We can not will not let people go hungry. We cannot let people be evicted because of nothing. They did themselves. They cannot watch people lose their jobs and we have to act. We have to act now. It's not just to meet the moral obligation to treat our fellow Americans with the dignity respect they deserve. This is an economic imperative. The bottom line is this were in a national emergency. We need to act like we're in a national emergency, so I've got to move with everything we've got. We got to do it together. I don't believe Democrats or Republicans are going hungry and losing jobs. I believe Americans are going hungry and losing their jobs. We have the tools to fix it. We have the tools to get through this. We have the tools to get this virus under control and our economy back on track. We have the tools to help people, so let's use the tools. All of them use them now.
Advertisement
Job losses during pandemic are 4 times as bad as the 2009 financial crisis
Video above: U.S. economy is in 'a national emergency,' Biden saysFour 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.바카라 게임 웹사이트This 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,바카라 게임 웹사이트 said ILO Director-General Guy Ryder. The fallout was almost equally split between reduced work hours and 바카라 게임 웹사이트unprecedented바카라 게임 웹사이트 job losses, he said.The United Nations agency noted that most people who lost work stopped looking for a job altogether, likely because of restrictions on businesses that hire in big numbers like restaurants, bars, stores, hotels and other services that depend on face-to-face interactions.The drop in work translates to a loss of $3.7 trillion in income globally 바카라 게임 웹사이트 what Ryder called an 바카라 게임 웹사이트extraordinary figure바카라 게임 웹사이트 바카라 게임 웹사이트 with women and young people taking the biggest hits.The ILO report expects a bounce back in jobs in the second half of the year. But that depends on a reduction in coronavirus infections and the rollout of vaccines. Currently, infections are rising or remain stubbornly high in many countries and vaccine distribution is still slow overall.

Video above: U.S. economy is in 'a national emergency,' Biden says

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.

Advertisement

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.

바카라 게임 웹사이트This 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,바카라 게임 웹사이트 said ILO Director-General Guy Ryder. The fallout was almost equally split between reduced work hours and 바카라 게임 웹사이트unprecedented바카라 게임 웹사이트 job losses, he said.

The United Nations agency noted that most people who lost work stopped looking for a job altogether, likely because of restrictions on businesses that hire in big numbers like restaurants, bars, stores, hotels and other services that depend on face-to-face interactions.

The drop in work translates to a loss of $3.7 trillion in income globally 바카라 게임 웹사이트 what Ryder called an 바카라 게임 웹사이트extraordinary figure바카라 게임 웹사이트 바카라 게임 웹사이트 with women and young people taking the biggest hits.

The ILO report expects a bounce back in jobs in the second half of the year. But that depends on a reduction in coronavirus infections and the rollout of vaccines. Currently, infections are rising or remain stubbornly high in many countries and vaccine distribution is still slow overall.