The coronavirus crisis has sent US unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D

The challenge of retaining staff despite 12.2 crore people losing their jobs in India last month shows how difficult it will be for Modi to restart Asia’s No. 3 economy, where the bulk of the workforce comprises so-called informal labour that are denied security and benefits. Economists predict a rare contraction in national output.

The reports support many economists' belief that the economic slump could persist for a while

As of May 5, more than 7.5 million Canadians had applied for some form of federal employment aid, according to government data.

As the US lost over 20 million jobs in a pandemic-induced economic spiral during April, its unemployment rate zoomed to nearly 15 per cent

The rate of unemployment was the highest in the urban areas, which constitute the most number of red zones due to the COVID-19 cases, at 29.22 per cent, as against 26.69 per cent for the rural areas.