Tag: Unemployment

• Saturday, June 29th 2024 - 09:28 UTC

  Brazil: Dollar soars, unemployment falls

  

  The economy in South America's largest country is taking a shaky turn as Friday's figures would indicate. The exchange rate between the local real (R$) and the US dollar (US$) went up 15.15% over the past six months, closing at US$ 1 = R$ 5.58 while the Stock market fell 0.32% for a 1.49% monthly gain. On the brighter side, unemployment in the quarter ending in May stood at 7.1%, according to Brazil's Institute of Geography and Statistics (IBGE), a considerable improvement from February's 7.8% and the yoy 8.3%.

• Wednesday, June 5th 2024 - 20:53 UTC

  Uruguay's interannual inflation stands at 4.1% in May

  

  Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.

• Friday, April 26th 2024 - 20:59 UTC

  Thousands of layoffs feared in Argentina next month

  

  Argentine SMEs fear a wave of sackings in the coming days due to President Javier Milei's policies which may have been somewhat successful at curbing inflation but at a cost. The Industriales Pymes Argentinos (IPA) chamber released a report saying that some 17,000 jobs had been lost since Milei took office on Dec. 10, 2023, and further suspensions and layoffs appear on May's radar.

• Tuesday, December 26th 2023 - 10:55 UTC

  Impending job losses to deepen Argentina's crisis in the short run

  

  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.

• Friday, September 1st 2023 - 10:02 UTC

  Unemployment reaches lowest figures since 2015 in Brazil

  

  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.

• Wednesday, August 16th 2023 - 10:00 UTC

  Beijing finds solution to youth unemployment: it stopped publishing key figures

  

  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.

• Tuesday, July 18th 2023 - 10:30 UTC

  Growing concern in China over urban areas youth (16 to 24 years) unemployment

  

  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.

• Monday, July 17th 2023 - 11:05 UTC

  Micro and small businesses behind 69% of jobs in Brazil

  

  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.

• Friday, May 12th 2023 - 10:30 UTC

  Despite fears of recession and bank failures, US economy manages 4,9% inflation and unemployment stands at 3,4%

  

  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.

• Tuesday, May 2nd 2023 - 10:05 UTC

  Fernández: Argentina has achieved the “lowest unemployment in decades”

  

  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.