UN: Pandemic has Price 34 million Projects in Latin America

MEXICO CITY — The U.N.’s International Labour Organization stated Wednesday that 34 million jobs are lost in Latin America as a result of the coronavirus pandemic.

The ILO urged nations in the area to embrace”immediate plans” to take care of the issue.

The count was up from the ILO’s previous quotes in early August which 14 million jobs were lost in the area.

Pinheiro said the next quarter had attracted a recovery in economic activity as well as based on preliminary statistics, a tentative recovery in labor.

He said the area faced structural problems such as low productivity, earnings inequality, and a huge proportion of individuals running off the books.

The ILO amounts were based on information from nine states which accounts for 80 percent of the area’s workforce.

Even the ILO lists Latin America and the Caribbean since the worst-hit area on earth in terms of lost working hours, using a fall of 20.9percent in the first 3 quarters of this calendar year, compared to a mean of 11.7percent globally.