Tag Archives: unemployment

London, United Kingdom | AFP |  In billionaire-friendly Britain, where the global coronavirus outbreak has hit hard, the idea of making the wealthiest pay more tax to help economic recovery is gaining ground. Mass unemployment, bankruptcies and other potential shocks could hit the richest but supporters of tax reform say they …

Washington, United States | AFP |  Even as the world’s largest economy begins to reopen, the scale of the job losses in May will be devastating, and economists fear it will take many months to recover. More than 21 million jobs disappeared in March and April as the unemployment rate surged …

Washington, United States | AFP | In further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data Thursday showed US a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains …

Paris, France | AFP |  The number of coronavirus cases worldwide topped four million as some of the hardest-hit countries readied Sunday to lift lockdown restrictions, despite concerns about a second wave of infections. Governments around the world are trying to stop the spread of the disease while scrambling for ways …

Washington, United States | AFP |  The United States on Friday recorded its steepest job losses in history over the coronavirus pandemic as Europe, faced with rising deaths, moved to keep its borders shut for another month. Hopes have been rising that the worst of the global catastrophe, which has killed …

Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …

Washington, United States | AFP |  Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …

Geneva, Switzerland | AFP | Some 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said Tuesday, warning it was the “worst global crisis” since World War II. In a fresh study, the International Labour Organization warned that the global spread of the new coronavirus …

Washington, United States | AFP |  With streets in major cities barren, and shops and restaurants forced to close due to the coronavirus pandemic, economists warn of a record explosion of Americans filing for unemployment benefits. The Labor Department on Thursday will release its weekly data on first-time applications for jobless …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has called upon the people of Rwenzori region and Uganda in general to “wake up” and put themselves out of poverty by engaging in diverse economic activities. Museveni says it’s unfortunate that in a region full of potential ranging from the …