Global jobs at risk from coronavirus ------------------------------------------ Global working hours in the second quarter of 2020 are expected to be 10.5 percent lower than before the coronavirus crisis started – equivalent to 305 million full-time jobs, according to the UN’s main labour body ------------------------------------------ Estimated percentage fall in aggregate working hours* First quarter 2020 Second quarter 2020 Full-time jobs equivalent (millions)† World -4.5 305 -10.5 Africa -1.6 37 -9.6 Americas -1.3 48 -12.4 Arab states -1.8 6 -10.3 Asia & Pacific -6.5 175 -10.0 Europe & Central Asia -1.9 39 -11.8 ------------------------------------------ *Compared to pre-crisis baseline (Q4 2019, seasonally adjusted) †Assuming 48-hour working week ------------------------------------------ 1.6 billion People employed in “informal economy” – including those working without proper contracts or oversight by government regulation – could see their livelihoods destroyed due to continued decline in working hours brought on by lockdowns 3.3 billion Total global workforce Rest of global workforce 1.7 billion ------------------------------------------ Sources: Bloomberg, International Labour Organization © GRAPHIC NEWS