More than a quarter of the U.S. workforce has lost their jobs since the Great Recession, according to a new report from the US.
Bureau of Labor Statistics.
The U.K. and Canada are the two worst performing countries in terms of lost jobs, with almost half of all workers losing their jobs.
The report released Wednesday, based on an analysis of economic data released by the Labor Department in December, found that the average hourly wage of a full-time worker dropped 9.6 percent over the past year.
The number of people employed full time declined 2.9 percent, while the number of those working part time rose 4.2 percent.
The number of full- and part-time workers fell by 0.5 percent.
While a lot of the losses were in low-paying jobs, the report said that more than half of the jobs lost in the last year were in the fast-food industry, which makes up more than a third of the economy.
The labor report showed that the U,K., which has been the hardest hit by the recession, is now among the countries most heavily affected.
While it’s true that the unemployment rate in Britain has declined in recent months, it still ranks as the lowest in the developed world.
The unemployment rate is about 10.3 percent, down from 11.5.
The U.N. estimates that around one in four people are in poverty.
The numbers are even worse for workers in the U .
S., which had its unemployment rate at a record low of 7.6% in December.
The jobs lost include part-timers who are unable to find full-timing work, and those who work in restaurants and bars.
The report found that fewer than 2 million jobs were created during the recession.