Prior to the arrival of the Covid-19 pandemic, several countries were already suffering from unemployment issues. However, the Covid-19 hit the world so hard that the countries had to shut down for an undefined period. A lot of companies had to reduce their staff in order to cut the cost and kept a few to work from their homes. Since the economies started to collapse, the unemployment rate during the first wave of Covid-19 increased more than we could imagine.
However, after a few months, many countries started to lift their lockdowns for a limited time so that life could be brought back to normal. Unfortunately, the world has now started to experience the second wave of Coronavirus, to which the majority of the countries are planning to implement micro lockdowns.
