• Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
• Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."

• Econometric models," particularly those including a necessary tradeoff with falling unemployment leading to higher inflation.
• If policy seeks only to return inflation to 2% following a downturn," Clarida said.

• As per the latest figures, the unemployment rate in India touched over 9 percent in August 2020.

• The figures released on Thursday showed the increase in unemployment numbers has slowed sharply.
• Greater Lisbon, also missing its usual droves of visitors and struggling to repair its image after a persistently high infections tally across June and July.

• As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.

• The jobless rate fell to 7.1pc, from 7.8pc in the first quarter, dropping to its lowest since the second quarter of 1983, when it stood at 7.0pc.

• It was the lowest jobless rate since June 2011 but the highest reading in the last nine months.

• The rate is still more than double the 3.7pc seen in February, the last full month of regular economic activity before the lockdown began.

There is also a massive hike in unemployment – the Employment Index stands at -86.95 compared to 57.14 in Q1 and confidence is at an all-time low in Q2 at -78.26 compared with -28.57 in Q1.

• 1.43 million people filed initial claims for unemployment benefits last week, only slightly less than the prior week.

• Unemployment rate rise to 30.1% in Q1.
• Some firms plan to cut jobs amid COVID-19.
• South Africa's economy already in recession.

• Seasonally adjusted data showed the number of unemployed at 653,686 people, with those aged up to 24 bearing the brunt of being out of work.

• Employment in the goods producing sector gained some 164,700 jobs.

• The ministry informed that the country’ s GDP growth prior to the outbreak of COVID pandemic the pandemic was expected to be 3.24pc, which has reduced to a negative 0.4pc during the ongoing fiscal year.

• Consumer confidence, manufacturing and services industries are also stabilizing, though at low levels, hopeful signs that the worst was over.

• Wall Street indices muddled through the day, with the Dow ending up just 0.1 percent and the S&P 500 and Nasdaq both closing lower.

• Among those categorised as employed, those on furlough rose by 4.2 million in April, more than tripling from a year earlier.
• Japanese firms, saddled with large workforces and excess capacity, laid off workers during the 2008-2009 global financial c

• The conservative-led government began loosening the lockdown a month later - shops, bars, restaurants, schools and hotels have all since reopened.
• The number of job-seekers stood at 517,221, down from 523,346 a week earlier, she told a news conferen