Tag: Jobs
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Impact of COVID-19 on Global Tourism: Economic Woes and Job Losses
The COVID-19 pandemic has devastated the global tourism industry, resulting in severe job losses and financial strain. With travel bans, quarantines, and a drop in consumer confidence, both international and local travels diminished sharply, impacting associated sectors such as hospitality, dining, attractions, and air travel. The United Nations has reported this massive disruption, estimating the…
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Navigating the Aftermath: Over 100 Million U.S. Jobs Lost Due to COVID-19
The COVID-19 pandemic has been a seismic force on the global economy, particularly manifesting through an unprecedented job crisis. Over 100 million jobs were cut in 2020, as businesses worldwide grappled with the immediate impacts of lockdowns and reduced consumer spending. The International Labour Organization (ILO) estimated that the reduction in working hours during the…