Nearly 5 million jobs have been lost in Ukraine since the start of the Russian full-scale invasion
An estimated 4.8 million jobs have been lost in Ukraine since the start of the Russian aggression, according to a new brief by the International Labour Organization (ILO).
The study estimates that if hostilities were to escalate, the employment losses would increase to 7 million. However, if the fighting were to cease immediately, a rapid recovery would be possible, with the return of 3.4 million jobs. It would reduce employment losses to 8.9 percent.
The Ukrainian economy has been severely affected by the Russian aggression. Since February 24, 2022, more than 5.23 million refugees have fled to neighboring countries. The refugees comprise mainly women, children, and persons over 60 y.o. Of the total refugee population, approximately 2.75 million are of working age. Of these, 43.5 percent, or 1.2 million, were previously working and have lost or left their jobs.