That’s how many times greater work hours declined during the COVID-19 pandemic in 2020 compared to during the financial crisis of 2008-2009, according to the International Labour Organization (ILO).
In 2020, the number of hours worked per week fell to 24.7, down 2.5 from 27.2 hours per week in 2019, the ILO said in a report on Monday. Between 2008 and 2009, during the global financial crisis, hours worked per week fell just 0.6—about one-fourth of the decline this past year during the COVID-19 pandemic, the report said.
The drop in work hours translated into an 8.3% decline in global labor income (before income support measures) in 2020, or an estimated $3.7 trillion in 2019 exchange rates, according to the report.
“COVID-19 has resulted in the most severe crisis for the world of work since the Great Depression of the 1930s,” the ILO wrote in the report.