The administration of President Javier Milei is planning not to renew the contracts of some 7,000 state workers, which would add to the hardships many Argentine families are going through amid deep reforms to recover from the country's current crisis, it was reported in Buenos Aires.
According to a report from Brazil's statistics bureau (IBGE) released Thursday, unemployment in South America's largest country stood at 7.9% (around 8.5 million people) in the second quarter of 2023, the lowest number since 2015 and a 0.6% decrease from the quarter ending in April.
China's agency official statistics agency said on Tuesday that it had stopped publishing key unemployment figures that had previously shown the number of jobless youth in the country had reached a record high.
The jobless rate of 16 to 24 year olds in Chinese urban areas rose to 21.3% last month, official figures released by Beijing show. It comes as the world's second largest economy grew just 0.8% in the three months to the end of June.
According to a study conducted by the Brazilian Micro and Small Business Support Service (Sebrae), micro and small businesses have been behind the creation of seven out of ten formal jobs nationwide, Agencia Brasil reported.
Inflation in the US has fallen to 4,9%, in the twelve months to April, according to official figures. That was down from 5% in March and marks the tenth month in a row that price rises have slowed.
Argentine President Alberto Fernández Monday released a recorded Labor Day message in which he praised his administration for achieving the lowest unemployment in decades. There are also many provinces having full employment, he added.
Argentina's Gross Domestic Product (GDP - the sum of all products and services traded) grew by 5.2% in 2022, a 1.9% improvement from 2021, the National Institute of Statistics and Census (Indec) reported Thursday in a study that also showed that last year's fourth quarter GDP was 1.9% higher than that of the same period of 2021, but 1.5% below the third quarter of 2022.
Unemployment in Argentina in the third quarter of 2022 was 7.1%, according to a National Institute of Statistics and Census (Indec) report released Wednesday.
Unemployment in Chile stood at 8.0 % in the August-October 2022 mobile quarter, according to a report from the National Statistics Institute (INE) released Tuesday, which represented no substantial changes from the previous three months.