Massive drops in working hours due to the COVID-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).. According to the United Nations' International Labour Organisation, women and young people have been the hardest hit by job losses in Asia-Pacific caused by the Covid … A NEW report by the International Labour Organization (ILO) has found that monthly wages fell or grew more slowly in the first six months of 2020, ... the effects of the crisis were felt primarily as falls in wages rather than massive job losses. Unemployment in the Asia-Pacific region could reach somewhere between 5.2 per cent and 5.7 per cent by the end of 2020 due to the Covid-19 fallouts, a … The majority of job losses and declining working hours will occur in the accommodation and food services, manufacturing, retail, and business and administrative sectors, the report said. About two thirds of 55 million domestic workers are also women. Working-hour losses are also influenced by the millions of persons moving outside the labour force or into unemployment as job creation in the region collapsed. World, Latest on coronavirus outbreak COVID-19 to trigger roughly 195 million job losses: ILO ILO chief says correct measures against COVID-19 crisis can make difference between 'survival, collapse' Construction and agriculture have witnessed the major job losses among seven key sectors," said the ILO-ADB report, titled 'Tackling the COVID-19 youth employment crisis in Asia and the Pacific', released on Tuesday. ILO estimates that 14 percent of working hours were lost globally in the second quarter of the year - equivalent to some 400 million full time jobs. ILO found that domestic workers have been significantly affected by job losses or reductions in working hours and earnings as well. "For India, the report estimates job loss for 4.1 million youth. “For India, the report estimates job loss for 4.1 million youth. The Covid-19 pandemic has wiped out 81 million jobs in 2020 while there was 10% dip in labour income, pushing an estimated 22 million to 25 million into working poverty in Asia and the Pacific, says a new report by the International Labour Organization (). ILO report says 81 million job losses in Asia-Pacific labour markets due to Covid-19 Tuesday, 15 Dec 2020 06:51 PM MYT The report said most countries in the region saw a larger decline in working hours and employment for women than men. ILO support. PORT OF SPAIN, Trinidad — While partial reopening of Caribbean economies is showing some immediate signs of socio-economic recovery from the COVID-19 pandemic, reduced output, export and fiscal space continue to take a massive toll on regional labour markets according to a recently released report from the International Labour Organization (ILO). COVID-19 continues to rage through the country with the number of infections climbing to almost 470,000 and the death toll at 6,713. Economy; Covid killed 81 million jobs in Asia-Pacific this year, ILO says Young people have been affected by working-hour and job losses, the ILO said, with the youth share of employment losses three to 18 times higher than their share of total employment. ILO Monitor 1st Edition COVID-19 and the world of work: Impact and policy responses 18 March 2020 This note offers the ILO’s preliminary assessment concerning the possible impacts of COVID-19 on the world of work and proposes a range of policy options to … ... given the risk of job losses. Construction and agriculture have witnessed the major job losses among seven key sectors,” said the ILO- ADB report, titled “Tackling the COVID-19 youth employment crisis in Asia and the Pacific”. COVID-19: impact could cause equivalent of 195 million job losses, says ILO chief Swift policy action, strong leadership can save millions of jobs, ‘avert the worst’ amid COVID-19 pandemic Coronavirus: World Bank confirms deepest recession since World War Two World, Economy, Latest on coronavirus outbreak UN body warns of up to 25M job losses due to COVID-19 Coronavirus is labor market economic crisis as well as health matter, says UN official ILO alerts: Covid-19 erodes wages globally. Estimates produced in September […] Related Stories COVID-19 Pandemic In particular, an additional focus will be placed on information that can shed light on the COVID-19 impact on jobs/businesses and labour market engagement.