Women carry banners as they march during a demonstration against the military coup in Yangon on July 14, 2021. - AFP
YANGON, July 20 (Bloomberg): Myanmar lost an estimated 1.2 million jobs in the second quarter following the February military takeover that paralyzed an economy already weakened by the coronavirus pandemic, according to the International Labour Organisation (ILO).
Estimates by the United Nations labor agency showed employment contracted 6% in the second quarter of 2021, compared to the final quarter of last year, suggesting that more than 1.2 million workers were no longer employed. The job losses are greater when compared to the final quarter of 2019 with about 3.2 million, or 15% of all workers, no longer employed, according to ILO.
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