Tag: Unemployment

Wednesday, July 29th 2020 - 09:40 UTC
Brazil's labor market improving: 16% layoffs decrease and 24% increase in hires

Brazil's economy lost 1,198,363 formal jobs in the first half of the year, the Economy Ministry said on Tuesday. The figure is the result of 6,718,276 new hires and 7,916,639 layoffs over the six-month period due to the impact of the novel coronavirus on Latin America's largest economy.
Monday, July 27th 2020 - 09:38 UTC
In Argentina, 55% of all registered workers are employed by government

Public sector jobs have soared in recent years in Argentina, and from a relation of 42 every 100 registered workers, white and blue-collar, back in 2012, it has jumped to 55 currently. This means that in the 2012/2017 period, the creation of government-paid jobs was larger than the overall employment in the Argentine economy.
Friday, July 24th 2020 - 08:39 UTC
Filing for unemployment benefits in the US rose for the first time in four months

The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand.
Thursday, July 9th 2020 - 09:20 UTC
UK announces a £30 billion package to save jobs and help the young into work

The UK government on Wednesday unveiled a package worth £30 billion (US$37 billion, €33 billion) to save jobs and help the young into work to kick-start the coronavirus-hit economy.
Friday, June 26th 2020 - 09:43 UTC
A fifth of US labor force received unemployment checks in the first week of June

The number of Americans filing claims for unemployment benefits fell moderately last week as the second wave of layoffs partially offset hiring by businesses reopening, suggesting the labor market could take years to recover from the COVID-19 pandemic.
Wednesday, June 24th 2020 - 09:13 UTC
US tech sector criticizes Trump's freeze on immigrant visas: a blow to Silicon Valley and innovation

The US tech sector is likely to be hit hard by President Donald Trump's decision to extend a freeze on most immigrant visas, with critics saying the move could undermine American innovation and leadership.
Thursday, June 11th 2020 - 13:17 UTC
Fed anticipates near zero rate through 2022 and will keep buying bonds

The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.
Friday, June 5th 2020 - 09:45 UTC
Covid-19 human toll: US unemployment expected to reach 20% in May

The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.
Thursday, May 28th 2020 - 08:40 UTC
The Americas will bear the brunt of the pandemic job losses, ILO report

The Americas will bear the brunt of an estimated 305 million job losses that the coronavirus pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.
Friday, May 22nd 2020 - 07:29 UTC
Job losses in the US totaled 38,6 million since the lockdown; 2,43 million in the last week

Job losses in the United States are slowing but totaled an unheard-of 38.6 million since the coronavirus pandemic lockdowns began, while officials debate what additional steps will be needed to rescue the beleaguered economy.