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    UK unemployment rate surges

    23 Feb 2021

    According to analysts forecast, the unemployment rate will surge after the UK government puts an end to its scheme of paying wages of private-sector workers at the end of April.

    UK unemployment reaches 5.0 per cent

    26 Jan 2021

    According to ONS, at 5.0 per cent, the figure is 1.2 percentage points higher than a year earlier.

    US economy still sees sluggish spending, depressed confidence

    29 Aug 2020

    US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released on Friday.

    Global youth unemployment set to slip to 73 million in 2022: UN

    11 Aug 2022

    The total global number of unemployed youths should fall to 73 million in 2022, down by two million from the year before, the United Nations said on Thursday.

    Stocks at record peak as US data leaves June Fed rate cut bet intact

    08 Mar 2024

    Stocks hit new peaks on Friday as mixed US jobs data did little to shake markets’ conviction that the Federal Reserve will begin cutting interest rates in June.

    China’s jobless turn to car boot sales as Covid-hit economy stalls

    24 Aug 2022

    When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing. Since June, Wang has driven his mobile coffee booth from car boot fair to car boot fair,

    Emiratis, expats urged to benefit from new Unemployment Insurance Scheme

    29 Dec 2022

    Subscription to the Unemployment Insurance Scheme starts on Jan.1, fees depend on employee’s basic salary; 3-month cash cushion for terminated staff.

    MoHRE to launch Unemployment Insurance Scheme in 2023

    03 Nov 2022

    The new insurance scheme aims to provide protection for employees in the privet sector and the UAE’s federal government by providing them with a cash compensation for a limited period.

    Women bear the brunt of virus fallout in workplace

    21 Jun 2020

    The nature of the outbreak means women are more likely than men to lose or quit their jobs in vulnerable low-paying workplaces like bars, conference venues, hairdressing salons, hotels, pubs and restaurants, which faced extensive shutdowns.

    Tread cautiously

    01 Jul 2020

    This is with reference to the grim news “Airbus restructuring will mean huge job cuts” (June 29). On 19 June, your daily had carried a report about BMW cutting 6,000 jobs. Companies across the world, including airlines and multinationals, are cutting down jobs due to low sales triggered by COVID-19. Expect millions of jobs to be lost, across all sectors of the global economy in the next few months, as demand slumps.

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