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Tag Archives: unemployment

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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Grim and getting worse: US set for historic unemployment surge

Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …

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Workers facing worst crisis since WWII amid pandemic: UN

Geneva, Switzerland | AFP | Some 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said Tuesday, warning it was the “worst global crisis” since World War II. In a fresh study, the International Labour Organization warned that the global spread of the new coronavirus …

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US joblessness set to spike as virus takes toll on businesses

Washington, United States | AFP |  With streets in major cities barren, and shops and restaurants forced to close due to the coronavirus pandemic, economists warn of a record explosion of Americans filing for unemployment benefits. The Labor Department on Thursday will release its weekly data on first-time applications for jobless …

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President Museveni advises people in Rwenzori to ‘Wake Up’

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has called upon the people of Rwenzori region and Uganda in general to “wake up” and put themselves out of poverty by engaging in diverse economic activities. Museveni says it’s unfortunate that in a region full of potential ranging from the …

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Gov’t accused of frustrating Youth Livelihood Programme

Kampala, Uganda | THE INDEPENDENT | Members of the budget committee of Parliament have accused the government of deliberately killing the Youth Livelihood Programme (YLP) by denying the program funding. The Youth Livelihood Programme was designed in the financial year 2013/2014 to respond to challenges of unemployment among the youth. Over …

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