unemployment-rates
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Spain’s jobless fall below 3 million in may, lowest since 2008
Date: June 2, 2022
MADRID (Reuters) -Spain’s jobless number dropped below 3 million in May for the first time since early in the 2008/09 global financial crisis, as the economy’s recovery from the impact of COVID-19 boosted hirings and pushed many workers out of the shadow economy. The number of people registering as jobless fell 3.29% from April, leaving...
Analysis-Britain’s shrunken workforce hampers COVID recovery
Date: May 27, 2022
By David Milliken LONDON (Reuters) – Britain’s economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic. This stands in contrast to most other big, rich economies where the labour force has recovered more, and adds...
No work and nowhere to live: A rural migrant’s ordeal in locked-down Shanghai
Date: May 27, 2022
By Martin Quin Pollard BEIJING (Reuters) – When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job. To make ends meet, Sun helped sort government deliveries for residents under lockdown, earning 250 yuan ($38) a...
Dollar eases as traders scale back bets on fed tightening
Date: May 26, 2022
By John McCrank NEW YORK (Reuters) – The U.S. dollar dipped on Thursday after minutes from the Federal Reserve’s May meeting pointed to additional 50 basis point interest rate hikes in June and July but left wiggle room for the central bank to slow the tightening cycle in the second half of the year. The...
Analysis-Britain’s shrunken workforce hampers COVID recovery
Date: May 26, 2022
By David Milliken LONDON (Reuters) – Britain’s economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic. This stands in contrast to most other big, rich economies where the labour force has recovered more, and adds...
China lockdowns, war risk derailing global jobs recovery: ILO
Date: May 23, 2022
BERLIN (Reuters) – The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday. The U.N. agency estimated that there was the equivalent of...