The COVID-19 and its impact on Employment over the world
Abstract
The purpose of this paper is to consider the influence, scope, limitations, barriers, and challenges imposed on employment by the ongoing coronavirus disease health crisis, along with its potential consequences in the near future and beyond. An in-depth literature review was conducted of the current COVID-19 crisis, along with similar pandemics in recent history, and the effect of such events on global un/employment, and economic activities. The research focuses primarily on the impact of COVID-19 from January to May 2020.i.e. the first few months in which awareness of the global threat posed by the virus began to be perceived. The findings suggest that the increasing number of lockdowns, restrictions on national and international travel, and the closing of all production, operation, and marketing activities served to jeopardize and even completely collapse certain economic sectors and systems. In turn, worldwide unemployment increased drastically, particularly in certain regions like the United States, Europe, and the Arab States. A sudden rise in worker migration further aggravated the situation and placed an additional burden on state government entities. It is likely that it will take years for the global economy to recover from the economic and employment challenges brought about by this crisis.
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