The International Labour Organization has said the impact of the coronavirus pandemic on jobs has been much worse than previously expected. Its latest report showed the number of hours worked globally between April and June was 14% lower than in 2019, which the ILO said is the equivalent of the loss of 400 million jobs. The employment situation is unlikely to recover until 2021, according to the UN agency, and then only if the virus is under control.
Today, in ‘Inside Stuff,’ multi-award-winning columnist and Executive Head of The Guardian's Editorial Board, Martins Oloja, talks about how members of the Nigerian national assembly fight dirty with the minister for labour, Festus Kayamo over the new 774,000 job slot.
Some 4.4 million Americans filed for unemployment benefits last week. It brings the jobless total since the coronavirus lockdown began to a record-breaking 26.4 million. Many economists believe layoffs may have peaked, although state unemployment offices say they're still overwhelmed with new applications. Also, France cracks down on companies applying for state aid, saying they can't be based in tax havens or issue dividends. Air France's CEO has said he won't take his annual bonus, with the carrier on course for €10 billion in emergency support from the French and Dutch governments.