Tag: Unemployment

• Friday, November 1st 2024 - 10:23 UTC

  Brazil: Unemployment down in 3Q

  

  According to a report from Brazil’s Institute of Geography and Statistics (IBGE) released Thursday, unemployment in South America's largest country fell to 6.4 % in the third quarter of 2024 (from July to September), Agencia Brasil reported. These figures are 0.5 percentage points lower than between April and June, when it stood at 6.9%. Compared to July–September 2023, the drop is 1.3 percentage points. In that quarter, the rate was 7.7%.

• Thursday, September 26th 2024 - 10:34 UTC

  Slight increase in Uruguay's unemployment reported

  

  According to a report from Uruguay's National Statistics Institute (INE) released in Montevideo Wednesday, unemployment in the South American country stood at 8.4% of the economically active population in August, which represented a slight setback from July's 8.3%.

• Friday, September 20th 2024 - 09:34 UTC

  Unemployment keeps growing in Argentina

  

  According to a report from Argentina's National Institute of Statistics and Census (Indec), unemployment in the South American country reached 7.6 % in the second quarter of 2024. The figures were consistent with the 7.7% recorded in the previous trimester but represented a sharp interannual deterioration from the 6.2% during the same period of 2023.

• 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.