The U.S. unemployment rate dropped to near a 50-year low of 3.5per cent in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.
The number of people in work in the UK has continued to climb, with a record 32.6 million employed between October and December, the latest Office for National Statistics figure show. Unemployment was little-changed in the three-month period at 1.36 million.
The number of United States citizens filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labour market as claims for several states including California were estimated.
The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labour market was deteriorating after April's weak employment growth.
The Brazilian economy last year registered its second-worst performance since 2003 as higher borrowing costs and a currency that rallied to a 12-year high led it to under-perform emerging-market peers China and India.
The strong economic recovery of Latin America and the Caribbean will make it possible to bring down unemployment significantly from 7.3% in 2010 to between 6.7% and 7.0% in 2011, according to ECLAC and ILO.
Broadband telecommunications have the potential to spur rapid economic growth and facilitate job creation, according to a United Nations reported unveiled this week, which urges countries to implement national broadband plans or risk losing the benefits of the global high-speed digital communications.
Chile’s unemployment rate has dropped from 8.6% to 7%, according to official government statistics released this week. The three regions most affected by the February 2010 earthquake were found to have generated 31% of the nearly half a million jobs created nationwide in the past 12 months.
Figures in Brazil show that 2.52 million new jobs were created last year, the Brazilian Labour Ministry reported.