Coronavirus fallout has erased $3.5 trillion in workforce income, UN agency says

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A new report from the International Labour Organization details worse-than-expected damage in the global labor market and forecasts pain lasting through the fourth-quarter of 2020.
The United Nations agency expects working-hour losses to remain elevated through the third quarter at 12.1%, or 345 million full-time-equivalent jobs.
Global labor income is expected to shrink over the first three quarters of 2020 by 10.7%, or $3.5 trillion, the ILO added.
The bulk of the fa