Covid 19 coronavirus: Latin America loses 34 million jobs

Mexico City. At least 34 million jobs have been lost in Latin America due to the coronavirus pandemic. Photo / 123rf

The UN's International Labour Organisation said Wednesday that at least 34 million jobs have been lost in Latin America due to the coronavirus pandemic.

The ILO urged countries in the region to adopt "immediate strategies" to deal with the problem.

The count was up from the ILO's previous estimates in early August that 14 million jobs had been lost in the region.

The organisation's director for Latin America and the Caribbean, Vinícius Pinheiro, called it "an unprecedented challenge".

Pinheiro said the third quarter had brought a recovery in economic activity and, according to preliminary data, a tentative recovery in employment.

He said the region faced structural problems like low productivity, income inequality and a large percentage of people working off the books.

The ILO figures were based on data from nine countries which account for 80 per cent of the region's workforce.

The ILO lists Latin America and the Caribbean as the worst-hit region in the world in terms of lost working hours, with a drop of 20.9 per cent in the first three quarters of the year, compared with an average of 11.7 per cent worldwide.