Tag: Unemployment

• Monday, December 7th 2020 - 08:45 UTC

  US jobs picked up in November, but the challenge remains long term employment

  

  U.S. employers added 245,000 jobs last month and the unemployment rate slipped to 6.7%, the Department of Labor said on Friday. The fresh economic data shows the labor market clawing its way out of the pandemic-induced downturn, but still far away from a full recovery. The unemployment rate in the U.S. was 3.5% in February before the crisis hit.

• Saturday, November 28th 2020 - 09:05 UTC

  Record unemployment in Brazil, 14,4% and underemployment, 30,3%

  

  The number of registered Brazilians out of work and the national unemployment rate rose to the highest on record, official figures showed on Friday, as the easing of COVID-19 lockdown measures encouraged people to look for work again.

• Friday, October 30th 2020 - 18:09 UTC

  US economy grew 33,1% in Q3 on trillions of relief, but 23 million Americans still on unemployment benefit

  

  The U.S. economy grew at a historic pace in the third quarter as the government injected more than US$ 3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.

• Wednesday, October 21st 2020 - 08:58 UTC

  Robots will replace 85 million jobs in next five years, but 97 million will be created in tech industries, WEF study

  

  Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study has found.

• Friday, October 16th 2020 - 09:31 UTC

  UN agency advises Latin American to stimulate economies and help contain poverty and unemployment

  

  Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.

• Friday, October 2nd 2020 - 09:49 UTC

  Chile in one year has lost 1,8 million jobs, and unemployment reached 12%

  

  The Chilean government has begun to gradually lift restrictions in the country in an attempt to reactivate the economy, given a drop in new cases with 1,556 (the lowest rate in three months), though areas with a high level of new cases remain under quarantine.

• Tuesday, September 29th 2020 - 09:26 UTC

  Chile announced US$ 2 billion package to help recover and create new jobs

  

  Chilean President Sebastian Piñera announced on Sunday the launch of US$ 2 billion in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe’s top copper producer.

• Monday, August 17th 2020 - 08:21 UTC

  Mexican president says economy recovering jobs

  

  Mexico added back 52,455 jobs in August, President Andres Manuel Lopez Obrador said on Saturday, hailing the news as a sign of recovery after the country lost more than 1 million jobs in the formal economy due to the coronavirus pandemic.

• Wednesday, August 12th 2020 - 09:40 UTC

  Mounting job losses are expected as Britain winds down its job-retention scheme

  

  The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labor market as the government winds down its huge job-protection scheme.

• Friday, August 7th 2020 - 07:41 UTC

  Falklands extends Covid-19 support schemes for two months until September 30

  

  The Falkland Islands Executive Council approved the extension of the employment/self-employment, job retention, unemployment subsidy and direct grant schemes which were introduced in response to the Covid-19 pandemic, and are currently being administered by the Treasury and FIDC.