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Tag Archives: unemployment

Can Uganda steer out of poverty?

Kampala, Uganda | THE INDEPENDENT | More Ugandans could drift into poverty unless government comes up with measures to cushion those that have been rendered jobless as a result of COVID-19 pandemic. As the world marks the International Day for the Eradication of Poverty, there are fears that poverty levels in …

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Government moves to boost fish farming in Masaka

Masaka, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry and Fisheries has undertaken initiatives to boost fish farming in Masaka sub-region, as one of the measures to address unemployment among youth and women. The Ministry’s Undersecretary Ronald Ssegawa Gyagenda says that their technical teams have identified two …

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US shows surprising jobs recovery in May amid pandemic

Washington, United States | AFP | The United States regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns began to ease, raising hopes the economy could recover from the crisis sooner than expected. The Labor Department report released Friday, which showed the jobless rate fall …

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Tax the rich? Post-pandemic recovery idea finds favour in UK

London, United Kingdom | AFP |  In billionaire-friendly Britain, where the global coronavirus outbreak has hit hard, the idea of making the wealthiest pay more tax to help economic recovery is gaining ground. Mass unemployment, bankruptcies and other potential shocks could hit the richest but supporters of tax reform say they …

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US likely suffered ‘heartbreaking’ unemployment in May

Washington, United States | AFP |  Even as the world’s largest economy begins to reopen, the scale of the job losses in May will be devastating, and economists fear it will take many months to recover. More than 21 million jobs disappeared in March and April as the unemployment rate surged …

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US faces unemployment crisis amid record trade drop

Washington, United States | AFP | In further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data Thursday showed US a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains …

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