WORLD LOST 255M FULL-TIME JOBS

The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost. In a fresh study, the UN's International Labour Organization (ILO) found that a full 8.8 percent of global working hours were lost in 2020, compared to the fourth quarter of 2019. That is equivalent to 255 million fulltime jobs, or "approximately four times greater than the number lost during the 2009 global financial crisis," the ILO said in a statement. "This has been the most severe crisis for the world of work since the Great Depression of the 1930s," ILO chief Guy Ryder told reporters in a virtual briefing.