UN expects world record unemployment due to pandemic

US, WASHINGTON (ORDO NEWS) — About 195 million people will lose their jobs in April-June 2020 in all countries due to a pandemic and quarantine restrictions, the UN predicts.

US White House Senior Advisor Kevin Hassett compared the unemployment rate that the country saw during the crisis times of 2008 with today’s rates. Now the States will face the biggest negative shock, Hassett is sure: there are 26 million unemployed in the country.

The number of French citizens applying for unemployment benefits rose by a record 7.1% in March compared with February, which was the last sign of a rapidly worsening labor market. About 863 thousand French companies sent 10.8 million people – more than one in two private sector workers – on state-subsidized vacations. The French government is funding part of the salary in the hope of preventing massive layoffs, which could lead to serious unemployment.

Japan’s unemployment in March rose to its highest level in a year, while job availability fell to more than a three-year low, as the outbreak of coronavirus and measures to contain it weakened the labor market. Taking into account seasonal fluctuations, the number of unemployed in March increased by 60 thousand, or by 3.6%, compared with the previous month and amounted to 1.72 million people.

Employment rates are likely to be affected by a government announcement on April 7 of a state of emergency in Tokyo and six other prefectures, which was subsequently extended throughout the country.

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