Updated estimates and analysis

25 January 2021 ILO Monitor: COVID-19 and the world of work. Seventh edition Updated estimates and analysisKey messagesLatest labour market developmentsWorkplace closures The share of workers living in countries with COV ID -19 related restrictions has remained high, with 93 per cent of the world s workers residing in countries with some form of workplace closure measures in place in early January 2021. Within countries, more geographically targeted and sector-specific measures have gradually become the norm over the course of the pandemic, and these were still affecting 77 per cent of workers at the start of the year (close to the peak of 85 per cent reached in late July 2020).Working-hour losses in 2020 New annual estimates confirm that labour markets around the world were disrupted in 2020 on a historically unprecedented scale. 1 Assuming a 48-hour working week. See Technical Annex 1 for more details on the use of full-time equivalent jobs in these estimates .

the global financial crisis in 2009. Breaking down these annual figures, revised quarterly estimates reveal how the situation evolved throughout the year. Estimates of working-hour losses in the third quarter of 2020 have been revised substantially downwards to 7.2 per cent (from 12.1 per cent in the sixth edition of the

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  Financial, Crisis, Financial crisis

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