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(Eagle News) — The United States now has the most coronavirus infections in the world with a record 85,991 cases, overtaking China’s more than 81,000 cases, according to the latest data from the John Hopkins University. The total deaths in the US also increased and hit almost 1,300. US cases took a grim turn as unemployment statistics shot up with more than 3.3 million Americans applying for unemployment. This was by far the highest […]
WASHINGTON, United States (AFP) — The economic shutdown caused by the coronavirus pandemic sparked an explosion of Americans filing for unemployment benefits, surging to 3.3 million last week — the highest number ever recorded, the Labor Department reported Thursday. The normally routine report is at the frontlines of the economic crisis caused by the outbreak, which has forced widespread closures of restaurants, shops and hotels and brought airline travel to a virtual halt, prompting the […]
GENEVA, Switzerland (AFP) — The COVID-19 pandemic will significantly increase global unemployment, pushing up to nearly 25 million more people out of work, the United Nations said Wednesday. “The economic and labor crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million,” the International Labour Organization said as it released a fresh study. It added however that an internationally coordinated policy response could “significantly lower” that number. © Agence France-Presse
BRUSSELS, Belgium (AFP) — Unemployment in the eurozone fell in August to 7.4 percent, its lowest level since May 2008, according to official data released Monday. The figure, which brought the number of unemployed in the single currency bloc to 12.17 million, was lower than a forecast by financial data provider Factset, which predicted unchanged unemployment at 7.5 percent. Unemployment in the eurozone thus fell below the rate just prior to the world financial […]
by Douglas Gillison WASHINGTON, United States | AFP America’s jobs engine downshifted in August as employers unexpectedly held back hiring across major industries, another sign that the world’s largest economy is cooling off, government data showed Friday. As the numbers were released early Friday, President Donald Trump, whose record as a job creator could pale ahead of next year’s election, renewed his attacks on the US central bank, which he blames for failing to […]
TOKYO, Japan (AFP) — Japan’s unemployment rate fell while factory output rose for the first time in four months in August — a sign the world’s third-largest economy is on a path of gradual recovery. The jobless rate stood at 2.4 percent in August, down slightly from 2.5 percent the previous month, the internal affairs ministry said. The figure — slightly lower than market expectations of 2.5 percent — is the first improvement in two […]
TOKYO, Japan (AFP) – Japan’s jobless rate edged up to 2.5 percent in July, official data showed Friday, with the number of available positions far outstripping job hunters as the country’s labour shortage persists. The July data from Japan’s internal affairs ministry is only a marginal increase from the 2.4 percent rate in June and 2.2 percent in May, a 26-year low. And the jobs-to-applicants ratio in July was the highest in 44 years, with […]
GENEVA, Switzerland (AFP) — The global unemployment rate is expected to tick down in 2018, the United Nations said Monday, while warning that far too many workers still live in desperate poverty. The International Labor Organization forecast a worldwide unemployment rate of 5.5 percent this year, a marginal improvement on the 5.6 percent recorded in 2017, thanks to broad economic growth. But in its flagship “World Employment and Social Outlook” trends report, the ILO also […]
QUEZON City, Philippines – Due to the continuous economic growth experienced by the Philippines, the country’s unemployment rate drops to 5.5% compared to last year’s 6.3%. https://youtu.be/72FpyRwZik0
Malacañang on Thursday welcomed the results of the latest round of the Labor Force Survey conducted by the Philippine Statistics Authority (PSA), which showed another decline in unemployment. In a statement, Presidential Spokesperson Edwin Lacierda noted that from 6 percent in October 2014, the unemployment rate further decreased to 5.7 percent, which is the lowest figure recorded in the past decade. “We are pleased to announce that the latest round of the Labor Force Survey, […]
(Eagle News Service) – The National Economic and Development Authority (NEDA) reported significant gains in the labor market with the unemployment rate dropping to its lowest in 10 years. This was based on employment figures for October 2014 which also revealed that better quality jobs had been generated. This statement came after the Philippine Statistics Authority (PSA) released the results of the Labor Force Survey (LFS) for October 2014. The survey showed that the number […]
