Tag: Unemployment

• Tuesday, December 21st 2010 - 05:43 UTC

  Unemployment is going down in Latam but job-quality has become the challenge

  

  Latin America and the Caribbean experienced rapid employment recovery in 2010 to pre-crisis levels, according to data provided by the International Labour Organisation (ILO). However, the quality of jobs now being offered to those made jobless in the contracted worldwide recession over the past two years is fast becoming a problem in itself.

• Wednesday, December 15th 2010 - 04:31 UTC

  Fed admits economic recovery too soft to bring down unemployment level

  

  The US economic recovery is still too soft to bring down the country's high level of unemployment, the Federal Reserve warned on Tuesday. The central bank made the comment as it reaffirmed its commitment to continue purchasing 600 billion in bonds to stimulate the economy.

• Tuesday, November 23rd 2010 - 19:23 UTC

  US economy grows faster than estimated in the third quarter: 2.5%

  

  US economy grew faster than previously estimated in the third quarter, government data showed, but still not enough to address stubbornly high unemployment. GDP growth was revised up to an annualized rate of 2.5% from 2% as exports together with consumer and government spending were stronger than initially thought.

• Friday, November 5th 2010 - 22:38 UTC

  Argentina unemployment drops to 7.6% in third quarter from 9.1% a year ago

  

  Argentina's unemployment rate fell to 7.6% in the third quarter of this year from 9.1% percent in the same period of 2009 as the economy rebounded, President Cristina Fernandez said on Friday.

• Tuesday, September 28th 2010 - 04:52 UTC

  Spain presents draconian budget with unemployment remaining above 19%

  

  Spain presented a tough 2011 budget, deepening an austerity drive and taxing the rich more heavily as it seeks to boost confidence in a fragile economy ahead of a general strike.

• Tuesday, September 14th 2010 - 00:46 UTC

  Cuba with unions support announces elimination of 500.000 jobs to boost economy

  

  The Cuban government will cut more than 500,000 state jobs by March as part of a plan to reduce inefficiencies, the country’s largest union said in a statement. The reductions are part of President Raúl Castro’s goal of eliminating 1 million state jobs by 2015, according to the statement.

• Saturday, July 31st 2010 - 05:26 UTC

  Record unemployment in Spain reaches 20.09%, highest since 1997

  

  Spain’s unemployment rate already the highest in the Euro region rose to the most in more than a decade in the second quarter: 20.09% up from 20.05% in the first quarter, according to the country’s National Statistics Institute. This is the highest since 1997.

• Friday, July 30th 2010 - 03:27 UTC

  Employment picks up in Chile boosted by construction and social services

  

  A survey in June by the Economics department at the Universidad de Chile reported a 3 percentage point decline in unemployment in Santiago to 8.9%, from 11.9% in June 2009 – the largest decline since December 1991.

• Saturday, July 10th 2010 - 07:41 UTC

  US no longer world’s great consumer; needs to target sustainable debt, says IMF

  

  The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.

• Thursday, July 1st 2010 - 21:10 UTC

  Construction slump in Punta Arenas lifts unemployment to 6%

  

  Unemployment in the extreme south of Chile, Magallanes Region, increased for the second mobile quarter running and now stands at 6% with construction industry receiving the heaviest blow, according to the latest release from the regional Statistics Office, INE.