# International Labour Organization

(FILES) In this file photo taken on June 01, 2020 A sign is seen in the window of a shop explaining to customers that it has temporarily closed due to the coronavirus outbreak in Portobello Market in west London, following the easing of the lockdown restrictions during the novel coronavirus pandemic. - Britain's economy shrank by more than a fifth in April from March, official data showed on June 12, 2020, as the first full month of coronavirus lockdown ravaged activity. Gross domestic product nosedived by a record 20.4 percent from the previous month, after a 5.8-percent contraction in March, the Office for National Statistics said. (Photo by Tolga AKMEN / AFP)
(FILES) In this file photo taken on June […]

Global employment crisis deepening, equivalent of 400 million jobs lost: UN

The coronavirus crisis has taken a much heavier economic toll than previously feared, with the UN warnng that the equivalent of 400 million jobs have been lost during the pandemic
In this photo illustration, a COVID-19 Unemployment Assistance Updates logo is displayed on a smartphone on top of an application for unemployment benefits on May 8, 2020, in Arlington, Virginia. - With shops and factories closed nationwide due to the coronavirus pandemic, nearly all of the jobs created in the US economy in the last decade were wiped out in a single month. An unprecedented 20.5 million jobs were destroyed in April in the world's largest economy, driving the unemployment rate to 14.7 percent compared to 4.4 percent in March, the Labor Department said in its monthly report, the first to capture the impact of a full month of the lockdowns. (Photo by Olivier DOULIERY / AFP)
In this photo illustration, a COVID-19 U […]

Virus fallout takes heavy toll on young workers

"Generation Z" -- those aged 18-24 -- will be hardest hit by the financial impact of the coronavirus pandemic as employers slash jobs and cut back on graduate recruitment and internships, studies show