The OECD #EmploymentOutlook 2020 in 10 charts. All gains in the labour market over the past 10 years have been wiped out by #COVID19 in just a few months.
See http://oe.cd/EmO2020  #unemployment

There is a striking variation in countries’ initial response: in some unemployment soared, it others it fell (!). This variation largely reflects differences in policy responses (job retention schemes) but also the problems of comparing unemployment statistics in times of crisis.

Job retention schemes have played a major role in cushioning the shock in several countries. About 60 million workers across the OECD have been included in company claims for job retention schemes, such as the German Kurzarbeit (the actual use may be lower). #EmploymentOutlook

The number of jobseekers increased even in countries with comprehensive job retention schemes as temporary contracts were not renewed, and new jobs were not opened. Online job postings decreased, on average, by a third between February and June. #EmploymentOutlook

Many people worked from home during the #COVID19 lockdown, from less than 30% in Sweden, to 60% in New Zealand. #EmploymentOutlook

#COVID19 is not a great leveler. The low-paid, women and young people are paying the heaviest toll. For instance, while higher-earning workers often worked from home during the lockdown, lower-earning workers often had to stop working. #EmploymentOutlook

All in all (accounting both for the lower number of people at work and the fall in hours worked among those that remained at work), the impact of the #COVID19 crisis has been *ten* times larger than that of the 2008 crisis. #EmploymentOutlook

The outlook ahead is exceptionally uncertain. Employment levels are projected to drop significantly, especially in case of a second pandemic wave in October/November 2020 (the double-hit scenario). In any case the recovery will be gradual. #EmploymentOutlook

Countries took unparalleled measures to support workers, firms and households. The speed and severity of the #COVID19 shock were met with unprecedented levels of support, both in depth and in scope. #EmploymentOutlook

1/2 of workers are employed in jobs that entail some risk of infection. Solving the health crisis remains a precondition for solving the jobs crisis. A second wave can be avoided through TTT (test, track and tracing), personal hygiene and physical distancing #EmploymentOutlook