April 9, 2020 10:04AM ET

ILO: COVID-19 Will Put 195 Million Out of Work—Hitting Manufacturing, Retail Hardest

The International Labour Organization projects COVID-19 could see 195 million job losses, hitting manufacturing and retail the hardest. — People queue to receive the printed Unemployment Benefits application in the parking lot of Kennedy Library in Hialeah, Florida, USA, 07 April 2020. Hundreds of residents lined up hours before locations were scheduled to open Tuesday across Hialeah, to submit paper applications for unemployment benefits as the state attempts to address problems with its website amid the increased number of applicants during the widespread of the SARS-CoV-2 coronavirus which causes the Covid-19 disease.

CREDIT: CRISTOBAL HERRERA/EPA-EFE/Shutterstock

In a short time, the coronavirus pandemic has swept in and propelled joblessness to heights the International Labour Organization (ILO) says will ‘far exceed’ what the world saw during the Great Recession. The United Nations agency projects the COVID-19 crisis could see 195 million job losses—and that’s a conservative estimate. “Workers and businesses are facing…

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