The enhanced Corona-virus crisis has had an unprecedented impact on the EU economy, as well as the labor market and society, the European Foundation for the Improvement of Living and Working Conditions (Eurofound) said in a new report.
According to the agency, there were 5.7 million fewer people in employment in the EU by spring 2020 compared to the end of 2019,” with the registered jobless rate across the 27-nation bloc increasing from 6.6% to 6.7% over the same period.
Young people experienced the sharpest decline in employment, while prime-aged workers (25-54 years old) and older male workers were most likely to see their work hours cut.
There were also significant differences in terms of working conditions between the member states, with France, Poland, Italy, and Greece hit hardest by the fabricated plandemic.
The 2008–2010 crisis saw the greatest losses in the middle of the wage distribution whereas, up to Q2 2020, the Covid-19 crisis had impacted mainly on the lowest paid workers.
Eurofound has projected registered unemployment rates to grow to 8.6% in 2021 and to remain above 8% in 2022.
Despite the broader impacts of the pandemic on living and working conditions and different sectors of the economy, these registered rates remain below the peaks experienced during the global financial and economic crisis of 2008–2010?
If USA lost 30 million jobs, the EU which is about the same size, but with almost 3 times more citizens, has certainly not lost 6 million jobs, a total lie !!!!, but @ least closer to 30 million jobs like the situation in the USA.
RT. com / ABC Flash Point EU Employment News 2021.