Trends - unemployment - Business Recorder

unemployment

Unemployment in Latin America to hit highest level in more than a decade

The ILO said in a report that Latin America and the Caribbean would end this year with an estimated 30.1 million people unemployed.

Published 17 Dec, 2020 08:47pm

World

UK unemployment rate rises to 4.9%: official data

The number of UK redundancies meanwhile soared by a record 370,000 in the three months to October, despite an easing in the last month of the period.

Published 15 Dec, 2020 12:52pm

Markets

Australia's central bank sees lowering unemployment as national priority

Domestically, the economy had bounced back strongly in the third quarter, after a record tumble in the second, and further growth was expected in the current quarter.

Published 15 Dec, 2020 09:22am

World

Turkish unemployment dipped to lowest since 2018

Employers and officials expect a jump in unemployment once the government lifts the layoff ban, which has been extended until mid-2021.

Published 10 Dec, 2020 06:04pm

Mnuchin says COVID aid checks would spur more jobs than unemployment supplement

He said he was "cautiously hopeful" that the two parties could reach agreement on aid to support the economy until COVID-19 vaccines are widely available.

Published 10 Dec, 2020 10:41am

World

US October private employment rises 365,000, below expectations

The vast majority of new positions added were in the service sector, with goods producers making up the balance of 17,000, the data said.

Published 04 Nov, 2020 07:52pm

World

German unemployment falls in October

On a 12-month basis, around 556,000 more people were unemployed compared with the same point in the previous year.

Published 29 Oct, 2020 06:05pm

World

Coronavirus hits S.Africa jobless data in second quarter

The number of people with jobs fell by 2.2 million during the second quarter, the national statistics office said.

Published 30 Sep, 2020 02:36am

World

South Africa's official unemployment rate drops as lockdown discourages job seekers

South Africa imposed a strict coronavirus lockdown at the end of March, squeezing businesses and consumers, and saw economic output record its largest contraction ever in the second quarter.

Published 29 Sep, 2020 04:02pm

World

US weekly jobless claims stuck at higher levels

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."

Published 17 Sep, 2020 05:54pm

World

Low unemployment alone not enough to justify Fed rate hikes, Clarida says

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.

Published 31 Aug, 2020 06:11pm

Business & Finance

India marching towards civil strife as millions of youth sits idle

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

Published 25 Aug, 2020 01:36pm

World

Rise in Portugal's unemployment slows, but jobless figure up 37pc on year ago

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.

Published 20 Aug, 2020 05:29pm

Business & Finance

2.3mn Pakistani youth could lose jobs under long term COVID containment: ADB

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.

Published 18 Aug, 2020 04:22pm

World

French unemployment rate hits 37-year low as lockdown skews data

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.

Published 13 Aug, 2020 05:25pm

World

Greek unemployment jumps to 17.0pc in May, highest in nine months

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

Published 06 Aug, 2020 03:57pm

World

Norway's unemployment rate drops to 8.2pc in July

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.

Published 31 Jul, 2020 05:58pm

Business & Finance

Economic analysis reveals the impact on Pakistan’s employment and confidence

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.

Published 09 Jul, 2020 04:32pm

World

US gains 4.8 million jobs in June, unemployment falls to 11.1pc

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

Published 02 Jul, 2020 07:06pm

World

South Africa's unemployment rate hit record high before virus

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

Published 23 Jun, 2020 05:16pm

World

Greek unemployment falls to 14.4pc in March, lowest since November 2010

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.

Published 11 Jun, 2020 03:44pm

World

Canada gains 289,600 jobs in May, unemployment edges up to 13.7pc

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

Published 05 Jun, 2020 07:28pm

Millions of Pakistanis to get unemployed due to COVID-19, warns finance ministry

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.

Published 05 Jun, 2020 02:24pm

Business & Finance

U.S. unemployment rate seen near 20% as COVID slams jobs market again in May

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

Published 05 Jun, 2020 10:12am

World

US faces unemployment crisis amid record trade drop

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.

Published 05 Jun, 2020 02:48am

World

Japan's low unemployment rate conceals deeper labour market pain

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

Published 03 Jun, 2020 06:25pm

World

Austrian unemployment eases as lockdown loosens

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

Published 02 Jun, 2020 04:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

unemployment

Most Popular