Signals of the future of work (Apr. 2020)

>> ILO updates its forecast on coronavirus impact

The coronavirus crisis has undeniably been April’s hottest burning issue. In last month’s newsletter we shared the International Labour Organization’s (ILO) initial considerations regarding the economic and labour crisis brought on by the COVID-19 pandemic. At that point, the ILO believed that global unemployment could potentially rise by nearly 25 million people, but has since released a second report to update and round out its initial prediction. In its latest report, published on 7 April, the ILO admits that there is a high risk that its preliminary estimate for the end of the year will fall short, but claims that the pandemic’s impact on worldwide unemployment throughout 2020 will heavily depend on society’s