National Bureau of Economic Research

National Bureau of Economic Research

With public sentiment leaning towards addressing immediate economic challenges, the effectiveness with which each coalition communicates its vision will be crucial in determining its success.

It says there is minor increase in the distribution of workers in agriculture and the manufacturing sector shows no growth in giving jobs compared to past years

Attributing the high unemployment rate in FY22 in the State to the global post-Covid economic slowdown in sectors such as hospitality and civil aviation, Chief Principal Secretary to the Chief Minister, Rajesh Khullar told The Hindu that job creation, both in the public and private sector, had been the Government’s top priority

The mental and physical stresses caused by fear of layoff have left many workers feeling suicidal

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The number of jobless people in the US rose by more than 20 million in April, something deemed worthy of a mention in the “and in other news” slot on the BBC’s evening TV bulletin.

Sure, it was the 75th anniversary of VE day and there were socially distanced street parties to cover and archive footage of crowds gathered in front of Buckingham Palace to treasure.

The spike in the unemployment rate shows that a growing number of job seekers were left disappointed as they could not find jobs and their addition to the labour force merely raised the unemployment rate.

Total non-farm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 per cent, the US Bureau of Labor Statistics reported Friday.

The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast shutdowns of factories, stores, offices and other businesses

US employers have cut a staggering 20.5 million jobs in April amid the COVID-19 pandemic, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 per cent, which is the highest level since the Great Depression.

In April, the unemployment rate surged by 10.3 percentage points to 14.7 per cent, the largest over-the-month increase in the history of the series dating back to January 1948, the Bureau of Labour Statistics (BLS) said in a report.

Since mid-March, numerous US states have rolled out "stay-at-home" policies and shut down non-essential businesses in a bid to slow the spread of the virus, leading companies to cut millions of jobs in weeks.

Employment in leisure and hospitality plummeted by 7.7 million, or 47 per cent, the report showed. The manufacturing sector shed 1.3 million workers, and employment in retail trade was down 2.1 million jobs.

The education and health sector lost 2.5 million jobs. Government employment also dropped by 9,80,000 in April, according to the bureau. Hispanics and African-Americans have been hit the hardest in the job crisis, said the BLS report. President Donald Trump said that with the reopening of the economy, lost jobs will come back.

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Encouraging entrepreneurship among disadvantaged groups can help boost jobs and tackle social exclusion, according to a new joint report by the OECD and European Commission.

Migration has started to pick up again, driven largely by people moving within the European Union, after three years of continuous decline during the crisis. But the employment prospects for immigrants have worsened, with around one in two unemployed immigrants in Europe still looking for work after more than 12 months, according to a new OECD report.

This working paper reports on the work undertaken as part of the Tackling Long-term Unemployment Amongst Vulnerable Groups project. It includes the findings of a survey undertaken jointly by the OECD LEED Programme and the World Association of Public Employment Services in 2012, and also case studies and learning models from around the world on innovative practices to support the long-term unemployed into work.

Unemployment in OECD countries will remain high through 2014, with young people and the low-skilled hit hardest, according to a new OECD report.

Investing in Youth in Tunisia most important than ever, and the still relevance of the last Investing in Youth review 2014.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

OECD unemployment rate stable at 6.3% in September 2016

OECD unemployment rate down to 6.2% in October 2016

OECD unemployment rate stable at 6.2% in November 2016

OECD unemployment rate stable at 6.2% in December 2016

OECD unemployment rate down to 6.1% in January 2017

OECD unemployment rate stable at 6.1% in February 2017

OECD unemployment rate falls to 6.0% in March 2017

OECD unemployment rate stable at 5.9% in April 2017

OECD unemployment rate stable at 5.9% in May 2017

OECD unemployment rate stable at 5.8% in July 2017

OECD unemployment rate stable at 5.8% in August 2017

OECD unemployment rate stable at 5.7% in September 2017

OECD unemployment rate back to pre-crisis level in October 2017

OECD unemployment rate stable at 5.6% in November 2017

OECD unemployment rate in December 2017 falls below its pre-crisis level

OECD unemployment rate stable at 5.5% in January 2018

OECD unemployment rate stable at 5.4% in February 2018

OECD unemployment rate stable at 5.4% in March 2018

OECD unemployment rate down to 5.3% in April 2018

OECD unemployment rate down to 5.2% in May 2018