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Impact of covid 19 on jobs

25 September, 2020 - By

Even before the COVID-19 crisis, youth in Asia and the Pacific faced challenges in the labour market. In 2019, the regional youth unemployment rate was 13.8 per cent, compared to three per cent for adults; and more than 160 million youth (24 per cent of the population) were not in employment, or education. �The pre-crisis challenges for youth are now amplified since Covid-19 hit. Without sufficient attention, our fear is that this risks creating a �lockdown generation� that could feel the weight of this crisis for many years to come,� said Sara Elder, head of the ILO Regional Economic and Social Analysis unit.

Many companies in india allowing for work from home due to covid - 19. Like TCS allow its 90% employees work from home. Number of people lost jobs due to covid-19. Many business shutdown due to covid. A serious issue and world facing this issue. Many countries reached -ve GDP.As many as 41 lakh youth in India lost jobs due to the Covid-19 pandemic with most job losses in the construction and farm sector, according to a joint report by the International Labour Organization and the Asian Development Bank. �For India, the report estimates job loss for 4.1 million youth.

if those people having jobs they didn't credited salary on time, some getting salary with deducations. Ecommonic having down fall. production almost nill due to market demands.Those people have work from home they working hours not fixed, stressed because they feel isolated.Around 35% of the respondents from India said they feel disconnected from their colleagues due to the work from home situation.

In India, two-thirds of firm-level apprenticeships and three quarters of internships were completely interrupted during the pandemic, the report said.

According to the report, a reasons young people in the region face greater labour market disruption and job losses than adults is that nearly half of them (more than 10 crore) were employed in the four sectors hardest hit by the crisis. The sectors are wholesale and retail trade and repair; manufacturing; rental and business services; and accommodation and food services.