Natural Hazards Cost the World 90 Million Jobs Every Year: World Bank Study
A new study by the World Bank has revealed that natural hazards and extreme heat are responsible for the loss of around 90 million full time job equivalents globally every year, highlighting a major but often overlooked economic impact of disasters.
According to the report rapid onset disasters such as floods, earthquakes, cyclones, and tsunamis account for about 9.4 million job losses annually. Floods and earthquakes are identified as the biggest contributors because of their frequency and the widespread disruption they cause to businesses, infrastructure, and local economies.
However largest threat to jobs comes from extreme heat, which is linked to nearly 80 million job losses each year. Rising temperatures reduce the number of hours people can safely work, particularly in outdoor...









