Inside this Article
COVID-19 and Employment: A Snapshot
The pandemic not only took a toll on our health and livelihood, but it also shook the global economy and, subsequently, the employment landscape. Here are some of the ways COVID-19 left its mark on the global job market.1. A Cut in Earnings

2. A Drop in Working Hours

3. More People Were Inactive Than Unemployed

4. More Job Losses Among Employed Than Self-Employed

5. Lower-Income Countries Were Hit the Hardest

6. Fewer Jobs Lost in the EU Than the USA

7. Latin America and the Caribbean Most Affected by the Pandemic

8. COVID-19 Left Women Out of Employment

9. The Pandemic Put a Halt on Youth Employment

10. Global Labor Income Decreased Significantly

11. Covid Posed a High Threat to Booming Businesses

12. Employment Growth is Expected

While Some Businesses Face Losses, Others Thrive
COVID-19 left a huge imprint on many businesses, but not always for the same reason. Although many businesses suffered huge losses and were forced to close completely, others increased sales and grew much larger.13. Hospitality Sectors Suffered Greatly

14. Travel Industry Faced a Rapid Decline

15. Retail Sector’s Future Is Uncertain

16. The Restaurant Industry Collapsed

17. We Cut Back Spending…

18. …And We Moved to Online Shopping

19. E-Commerce is Expected to Grow

20. The Pandemic Redefined Our Priorities

21. Big Retailers Saw Massive Growth

22. 6 Sectors Thrived During the Pandemic

23. Pharmaceutical Companies Increase Profits

24. Jobs Are Opening Once Again

25. Travel Will Take Off

26. Certain Sectors Are Still Facing Shortages

27. Some Businesses Won’t Recover for a Long Time

COVID-19 Changed the Way People Work & Left Many Unemployed
COVID-19 temporarily changed the world of work, forcing employees out of their offices and into remote working. But not everyone was able to adapt to WFH, leaving many businesses and employees at risk of unemployment.28. Employees Forced to Work at Home

29. Working From Home Linked to Education Level

30. Increase in Job Postings Requesting Working From Home

31. Online Job Postings Declined Overall

32. COVID-19 Favored Skilled Workers…

33. …And Left Millions Unemployed

34. New Job Starters in Many Countries Declined…

35. …While Many Also Left Their Jobs

36. Women Experienced More Employment Loss

37. COVID-19 Is Pushing Women into Poverty

38. Unemployment Has Come at a High Cost for Women

39. Young People Forced Out of Work

40. Young People in North Africa Most Vulnerable

41. Long-Lasting Impact of Low Youth Employment

42. Unemployment Expected to Rise Significantly

43. More Americans Filing for Unemployment

44. UK Employment Is Also Vulnerable

45. Asian GDP Levels Slump

Governments & Workplaces Have Offered Support
Governments worldwide stepped in to provide a safety net for the global job market, offering financial and workplace support to thousands of employees. But doing so came at a price for the global economy.46. Governments Promised to Minimize Economic Impact

47. Employers Extended Sick Leave

48. Liquidity Relief for Firms

49. Increased Access to Job Retention Schemes

50. USA Ramped Up Short-Time Work Scheme

51. Germany Simplified and Extended Access to Support

52. Japan Expanded Coverage of Job Retention Schemes

53. The UK Introduced a Furlough Scheme

54. Extra Support for Self-Employed Workers

55. Take-Up of Job Retention Schemes Varied

56. Strengthened Protection Against Dismissals

57. Growing Support for Labor Unions

The Future of Work Is Uncertain, But Comes With Big Changes
One thing is certain. COVID-19 has changed the way we work forever. As employees head back to the office and normal productivity resumes, just what does the future have in store for the global workforce?58. Return to Pre-Pandemic Employment Rates Is Long

59. Many Are Out of Work and Not Looking for New Roles

60. Many Want to Quit Their Jobs

61. Remote Working Is Here to Stay

62. People Are Cautious of Returns to the Office

63. Third Space Venues Are the New Office

64. Upskilling and Reskilling Employees Are Key

65. But We Also Need New Skills…

66. Gen Z are Driving Learning

67. Data and AI Jobs on the Rise

68. AI Poses a Risk to Our Current Labor Market

69. New Professions Emerging From the Pandemic
