Tag: unemployment

NEWS

Female Labor Market Participation In Latin America Shows Decline

According to a report published by the Economic Commission for Latin America and the Caribbean (ECLAC) titled “Women’s economic autonomy in sustainable and equal recovery,” the COVID-19 pandemic has caused a setback of more than a decade in women’s labor participation levels in Latin America, where the female participation rate fell by 6% in 2020.  Consequently, there is now a […]

BUSINESS

U.S. Unemployment Claims Drop

The number of Americans filing new claims for unemployment has fallen below one million for the first time since March. The unemployment claims dropped from nearly 1.2 million a week ago to about 963,000. The Labor Department said the figures have been subsiding since peaking at 6.9 million in late March, but they remain extremely high, driving the debate in […]

BUSINESS

U.S. Unemployment Still A Spot Of Bother

The COVID-19 pandemic continues to play havoc with the U.S. economy as unemployment numbers remain high. Although the rate fell from a high of 14.7% in April to 10.2% in July, it remains a concern. The high unemployment figures call for government intervention to boost economic activities. The Republicans and the Democrats continue to be at loggerhead on the role […]

NEWS

Extra $600 Unemployment Benefits Will Run Out Soon

For the tens of millions of Americans receiving unemployment benefits, the extra $600 boost will soon be no more. The $600 weekly payments from the Federal Pandemic Unemployment Compensation program were initially set up as part of the $2.2 trillion CARES Act Congress passed in late March, given the COVID-19 pandemic. Americans eligible for unemployment insurance receive an extra $600  […]

NEWS

Registration For Unemployment Benefits Surge In U.S.

As the COVID-19 pandemic puts the U.S. in lockdown mode, another 4.4 million Americans have registered for unemployment benefits over the past week. The new applications bring the total number of jobless claims since mid-March to 26.4 million. That amounts to more than 15% of the U.S. workforce. However, the most recent data marked the third week that the number […]

Jamaica

Jamaica Is In A Different Place – Finance Minister

Minister of Finance and the Public Service, Dr. Nigel Clarke, says that while “vulnerabilities” exist, Jamaica is finally in a different place of macro-stability where its future is brighter than it has ever been. Dr. Clarke said the positive prognosis stems from the collective effort of the Jamaican people, who, even in the face of stiff austerity measures, remained resolute […]

Jamaica

Jamaica’s Unemployment Rate Moves In The Right Direction

The unemployment rate decreased to 7.2% in October last year. This was included in the October 2019 labor force survey by the Statistical Institute of Jamaica (STATIN).  That means the employed labor force went up by 2.4%. Clerks had the largest increase in employment – 109,400 people – with women leading the pack. Nigel Bell, Readers Bureau, Fellow Edited by […]

NEWS

U.S. Jobs Growth Stalled

Only 130,000 new jobs were added to the U.S. economy last month, slowing more than expected. Economists had expected an increase of 158,000. In July, the economy had created 159,000 new jobs. The unemployment rate was unchanged at 3.7% while average hourly earnings growth rose 3.2% from last year. The U.S. economy is feeling the strain of President Donald Trump’s […]

BUSINESS

U.S. Maintains Healthy Job Rate

The economy is slowing down, but it keeps creating jobs at a healthy pace. Employers added 164,000 jobs last month, as the unemployment rate held steady at 3.7%, the Labor Department said Friday. The jobless rate remains at a nearly 50-year low. Analysts had expected about 165,000 jobs to be added in July and the unemployment rate to be 3.6%. […]

BUSINESS

U.S. Economy — Jobs Numbers Beat December Expectation

The U.S. economy produced more jobs than anticipated in December. Employers added 312,000 jobs, far more than the projected 177,000. However, the unemployment rate crept higher to 3.9 percent, albeit remaining near historic lows. Average hourly pay increased at an annual rate of 3.2 percent – an improvement on the previous month’s figure of 3.1 percent. The dollar shot higher […]