Full-time jobs lost in Africa during the coronavirus pandemic Q4 2020

Projected full-time jobs lost in Africa during the coronavirus pandemic in the 4th quarter of 2020

CharacteristicJobs lost in millions
Optimistic forecast 19
Pessimistic forecast 55
Baseline 29
Created with Highcharts 7.2.2Jobs lost in millions292955551919BaselinePessimistic forecastOptimistic forecast
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Source

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Release date

September 2020

Region

Africa

Survey time period

Q4 2020

Special properties

Estimates as of September 23, 2020

Supplementary notes

The source estimated the values based on a model namely "nowcasting model".
Values were calculated taking employment levels of the fourth quarter of 2019 as the baseline.
To demonstrate the magnitude of the predicted hours lost, the equivalent losses in full time jobs are introduced. They are calculated based on the assumption that decreases in working hours were borne entirely and comprehensively by a group of full-time workers, while the rest of the workers experienced no reduction in working hours.
Full-time equivalent (FTE) jobs data that is more than 50 million are rounded up to five million, while the values lower than the threshold are rounded to the closest million.

According to the source, the figures should not be interpreted as number of jobs lost or actual increase in unemployment,
A benchmark of working hours before the pandemic was used to compute the FTEs of working hours percentage-drops.
Full-time jobs are considered as those with a workload of 48 hours per week.

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