COVID-19 Has Destroyed 22 Million Jobs in OECD Countries
Around 22 million people in advanced countries have lost their jobs in 2020 due to the pandemic’s impact, according to the report “Employment Outlook 2021” by the Organisation for Economic Cooperation and Development (OECD). Q2 2021 hedge fund letters, conferences and more The OECD goes on to say that possibilities of economies regaining their previous employment rate even by the end of next year are slim. Out of the 22 million jobs lost, 8 million are unemployed, while the remaining 14 million are considered inactive. Recovery not to be achieved by the end of 2022Globally, the pandemic’s toll...