Global job losses from the coronavirus crisis could far exceed the 25 million estimated just days ago, U.N. officials said on Thursday, as U.S. jobless claims surged to record levels, starkly showing the scale of the economic disaster.
The International Labour Organization, a U.N. agency, had estimated a week ago that, based on different scenarios for the impact of the pandemic on growth, the global ranks of the jobless would rise by between 5.3 million and 24.7 million.
In the United States, where, as in many parts of the world, measures to contain the pandemic have brought the country to a sudden halt, the number of Americans filing claims for unemployment benefits surged to more than 3 million last week. FILE PHOTO: A view of an empty shopping mall is seen after Gujarat state government banned public gatherings to avoid the spreading of the coronavirus, in Ahmedabad, India, March 16, 2020. REUTERS/Amit Dave/File PhotoCountries across the world are feeling the intense human and economic pain wrought by the coronavirus, which has infected more than 470,000 people, killed more than 21,000, and is expected to trigger a global recession.
Among those hardest hit will be India’s estimated 120 million migrant labourers, for whom the lockdown means wages are disappearing. Many cannot afford rent or food in the cities and, with transport systems shut down, many have now begun to walk hundreds of miles to return to their villages. It said the jump showed that the country was “already in the midst of an unemployment crisis that is building much faster than during the financial crisis”.
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