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unemployment

American unemployment claims are at their highest level in eight months

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unemployment

Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000. That’s the most since Nov. 13, 2021 when 265,000 Americans applied for benefits. The total number of Americans collecting unemployment benefits rose by 51,000 from the previous week. It may be an indication of a worsening labour market that the … Read more

US unemployment claims decline despite layoffs

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unemployment

The number of new claims for unemployment assistance in the United States decreased last week. While labour markets remain extremely tight, layoff reports are increasing.  This week, over 200 employees on Tesla’s autopilot team in California were laid go. The Fed’s aggressive rate raise campaign would have a significant negative impact on the economy. Despite … Read more

Brazil unemployment falls to seven-year low

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Brazil

Brazil’s unemployment rate fell to 10.5 percent in the three months from February to April, the lowest for the period since 2015. The figure, a 0.7 percentage point drop from the three months to January, was lower than expected, which is good news for Latin America’s largest economy, which has been struggling with slow growth … Read more

17 States that have lowest unemployment rate in US

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Unemployment

17 States that have lowest unemployment rate In an indication of a strangely close work market, there are 17 states that hit record lows on the joblessness rate, The Wall Street Journal detailed Sunday. The April 2022 information comes from 15 of those expressed that detailed record highs of joblessness toward the beginning of the … Read more

How far will inflation remain? The answer lies in the past

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inflation

The Federal Reserve’s favorite inflation-associated adjective was once transitory, as in: Inflation is transitory and rate increases should be temporary. That is no longer the case. Inflation fees were growing sharply considering August 2021 and were out of the everyday 2%-to-4% range for a full year. The Consumer Price Index rose eight.Five% for the yr … Read more

UK unemployment falls to pre-pandemic level

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uk unemployment

LONDON: Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter of last year, “returning to pre-coronavirus pandemic levels”, the Office for National Statistics … Read more

Unemployment: A rising threat to Indian govt

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hunger strike

New Delhi – Atul Mishra, a 25-year-old resident from India’s eastern state of Bihar, has been staying in Delhi, the country’s capital city, for the past four years, hoping to get a job via extra training. Mishra is among millions of unemployed youth in India trying to get a job that would change the fortunes … Read more

Vying to fill the gap

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Pakistan Tehreek-e-Insaf’s (PTI) high expectations from the Ghotki-Karachi march are not exactly meeting, primarily due to the ruling party’s inaction in the province and its failure in tackling key issues such as inflation, shortage of wheat, sugar and medicines, the serious rift within the party and poorly-organised setup in Sindh and the soaring rate of … Read more

Disillusioned and ‘betrayed’, Brazilians flock abroad

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flock abroad

SAO PAULO: Brazil’s vibrant mix of business, beaches and carnival has long lured expats from around the world, but a reverse migration is also in effect, as each year thousands of citizens pack up and head for new pastures. High levels of violence, unemployment, inflation and the pandemic are main reasons why Brazilians have left … Read more

Five do battle for top UN labour job

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UN labour job

GENEVA – Five candidates are battling to take over the United Nations’ International Labour Organization, winding up two days of hearings on Friday that set out contrasting visions for the ILO’s future. Founded in 1919 the ILO is the oldest specialised UN agency, with 187 member states, which are, uniquely in the UN system, represented by governments, … Read more

Saudi unemployment rate remains unchanged at 11.3% in third quarter

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Saudis

RIYADH: The jobless rate among Saudis remains unchanged at 11.3 per cent in the third quarter, Arab News quoted official data from Gastat. While unemployment was unchanged in total, the data showed that both male and female jobless rates among Saudi experienced a slight drop. Unemployment in men fell 0.2 per cent to 5.9 per … Read more

UK unemployment dips despite end of virus jobs scheme

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UK unemployment

LONDON: Unemployment in Britain has fallen again, despite the end of a government scheme to keep millions of private-sector workers in their roles during the coronavirus pandemic, official data showed on Tuesday. The jobless rate, which measures the number of people out of work as a proportion of the working population as a whole, slipped to … Read more

Poverty, unemployment rampant in Sindh: official

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Sindh

ISLAMABAD: Poverty and unemployment are rampant in Sindh, despite 13 years consecutive rule of the Pakistan Peoples’ Party (PPP) in the province, an official said. Responding to the statement of PPP Chairman Bilawal Bhutto Zardari, Minister of State for Information and Broadcasting Farrukh Habib said that Sindh is still the most deprived province where unemployment … Read more

Karachi traders protest against boundaries obligated on business activities

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Karachi

Traders in Karachi showed a protest against boundaries obligatory on business actions by the Sindh government to restraint the spread of covid.

A great number of traders get together close to the Boulton market, blocking MA Jinnah Road to press the provincial government to admit their request of letting business activities six days a week until 10 pm.

Businessmen Group chairman and Karachi Chambers of Commerce president in their combined announcement insisted the government have pity on owners of shops, cafes, and wedding halls.

They claimed that the government permits businesses to work six days a week until 10 pm and stated concern over traders and shop owners being forced to detect a starvation strike on roads for the approval of their valid demands.

If the boundaries are not reduced, many businesses now suffering losses would stop to exist and hundreds of thousands of individuals would pass away of starvation, scarcity, unemployment, and anxiety, they added.

[embedpost slug=”sindh-government-made-the-covid-19-vaccination-certificate-compulsory”]

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Youth should be equipped with skill-based education: official

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Tevta

ISLAMABAD: The Technical Education and Vocational Training Authority (Tevta) secretary Rai Manzoor Nasir on Thursday stressed for promoting skill-based education training for youth, which would decrease the rate of unemployment. He expressed these views on the eve of the “World Youth Skills Day”, which is being celebrated on July 15 every year, with the aim … Read more

‘No one is above the law in Naya Pakistan,’ PM Imran

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PM

Prime Minister Imran Khan on Friday said that the unemployment is one of the biggest challenge for Pakistan Tehreek e Insaf (PTI) government and strengthening construction sector in the country will ultimately lead to end job crisis in Pakistan. According to the details, after performing groundbreaking of LDA City Naya Pakistan Apartments, Prime Minister Imran … Read more

IMF Warns Pakistan Growth Rate Be Lopsided, Inflation Will Rise

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IMF Warns Pakistan Growth Rate Be Lopsided, Inflation Will Rise

The International Monetary Fund (IMF) has warned that Pakistan’s growth rate will remain at 1.5 per cent this year, while inflation and unemployment will rise. In its latest report on the Pakistani economy, the IMF said the prospects for recovery were slim this fiscal year. According to the International Monetary Fund, the economy will grow … Read more

Good News for Unemployed persons

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Unemployment

Punjab Chief Minister Usman Buzdar has said that employment opportunities will be created in the province by promoting industry and commerce. According to the details, the former President Multan Chamber of Commerce Khawaja Jalaluddin called on Punjab Chief Minister Usman Buzdar and discussed the promotion of industry and trade in South Punjab. During the meeting, … Read more

Thousands of jobs to be axed after substantial drop in profits

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Shell

The Oil company Royal Dutch Shell has announced the biggest job cut in response to the global plunge in oil prices. According to the details, the company is looking forward to repositioning itself as a green energy provider. The company said in a statement that this job cut would be implemented by 2022. As per … Read more

Canada in November loses 71,000 jobs, unemployment arises 5.9%

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Canada in November loses 71,000 jobs, unemployment arises 5.9%

Canada’s unemployment rate has jumped to its highest level in a year and a half in November as the economy lost 71,000 jobs. According to details, the Canadian November labour market posted its biggest monthly job loss and largest unemployment upswing since the financial crisis. According to Statistics Canada, the economy shed 71,000 jobs in … Read more

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