The COVID-19 Pandemic and its impact on the global labour market: an analysis of emerging trends (part two)

In the context of economic crisis caused by spread coronavirus infection, global labour market has faced serious challenges, on timeliness and effectiveness response to which viability world economy today depends. The is in nature a significant impact investment, value chains, international trade, with consequences not only for but also working-age population all countries world. turmoil pandemic requires thorough analysis scale its order determine most rational solutions. A situation uncertainty about future, fear devastating consequences, pessimistic forecasts were companions first days pandemic. This article provides estimates level unemployment employment various 2020. divided into two parts due large volume. part analyzed COVID-19 world, changes income employees, amount time worked. features adaptation labor markets individual as well reasons differences dynamics rate different regions are revealed. calculations elasticity coefficient GDP number carried out, obtained values out. segments that affected identified. second identifies main trends inherent Russian before outbreak epidemic whose outlines became visible during manifestation. essence occurred need adapt new conditions from mechanisms selfregulation market, appeared previous shocks, informal considered