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unemployment rate

Nigeria's unemployment rose to 33.3pc in fourth quarter, stats office says
World

Nigeria's unemployment rose to 33.3pc in fourth quarter, stats office says

  • The unemployment rate stood at 33.3% in the fourth quarter, the National Bureau of Statistics (NBS) said, up from 27.1% in the second quarter, when the data was last published. Unemployment of 23.1% was first reported for the third quarter of 2018.
  • Access Bank, Nigeria's largest lender, cut staff salaries and sacked contract workers accounting for 75% of its 30,000 workforce to save costs, banking sources told Reuters.
Updated 15 Mar, 2021 09:26pm
Brazil unemployment rate falls to 13.9pc in quarter through December
World

Brazil unemployment rate falls to 13.9pc in quarter through December

  • The average unemployment rate last year was 13.5%, IBGE said, up from 11.9% the year before and the highest since the series began eight years ago.
  • The IBGE figures showed 86.2 million Brazilians had work, up 4.5%, or 3.7 million people, from the July-September period, although still down 8.9%, or 8.4 million people, from the same period a year earlier.
Published 26 Feb, 2021 06:05pm
Thai jobless rate dips in Q4 but remains near multi-year high
World

Thai jobless rate dips in Q4 but remains near multi-year high

  • Employment increased slightly, while the unemployment rate remained high and working hours were still lower than pre-crisis levels.
  • Employment increased slightly, while the unemployment rate remained high and working hours were still lower than pre-crisis levels.
Published 23 Feb, 2021 05:22pm
US job growth rebound less than expected; more government aid needed
World

US job growth rebound less than expected; more government aid needed

  • The Labor Department said on Friday nonfarm payrolls increased by 49,000 jobs last month. Data for December was revised to show 227,000 jobs lost instead of 140,000 as previously reported.
  • The unemployment rate was at 6.3% in January. The jobless rate has been understated by people misclassifying themselves as being "employed but absent from work."
Published 05 Feb, 2021 07:55pm
Irish COVID-19 unemployment rate climbs to 25pc in January
World

Irish COVID-19 unemployment rate climbs to 25pc in January

  • Restrictions, including the closure of shops and restaurants and a ban on travel and home visits, were dropped for most of December but reimposed late in that month following a surge in infections.
  • Excluding those on the emergency Pandemic Unemployment Payment, 5.8% of the workforce were registered as unemployed in January.
Published 03 Feb, 2021 07:09pm