By October 2020, people were most optimistic they would hold onto their job, although the impact of the COVID-19 recession was affecting the average working hours of men more than women. Around 1.3 billion work hours were estimated to have been lost to the COVID-19 recession.
47
B
It’s estimated the COVID-19 recession has led to a loss of production equal to $47 billion or 1.3 billion hours.
168
h
Those who were employed in February lost an average of 168 hours between Feb and October 2020
18
h
Men lost more work hours than women who are estimated to be back to pre covid working hours by October (an average of 18 hours a week)
23
%
The expected probability an employed person may lost their job in 12 months has improved from 25% in August to 23% in October