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All Stories: Unemployment

UK unemployment hits new 42-year low

LONDON: Britain's unemployment rate has fallen to a new 42-year low, official data showed on Wednesday, but wages growth remains far below overall inflation. The...

Britain’s unemployment rate dips to 11-year low

LONDON: Britain's unemployment rate dipped to 4.9 percent in the three months to May, the lowest level since 2005, official data showed on Wednesday.

Eurozone jobless rate falls marginally, outlook uncertain

BRUSSELS: The eurozone unemployment rate improved only marginally in February, official data showed Monday, stoking concerns the economy could be slowing after only a modest recovery.

Eurozone December unemployment falls to 4-year low: Eurostat

BRUSSELS: Analysts had expected the December figure to be unchanged at 10.5 percent, taking into account the sharp slowdown in China and the huge turmoil on global financial markets.

Ever so slowly, the euro zone economy awakes

LONDON: Moribund. Decrepit. Sclerotic. Popular words to describe the economy shared by the 19 countries of the euro zone - but perhaps no longer apt.

45,000 suicides annually linked to unemployment

PARIS: Around 45,000 suicides each year are attributable to unemployment, according to a survey of 63 countries published in The Lancet Psychiatry on Wednesday.

Cheaper, smarter robots to spark factory revolution

WASHINGTON: Rapid advances in robotics combined with falling prices will spark a new manufacturing revolution, with factories dropping workers for automation at an increasing pace, a new study said Tuesday.

US economy produces 257,000 jobs in January

WASHINGTON: The US economy pumped out a solid 257,000 new jobs in January, better than expected and a sign that overall growth remains firm.

Obama proposes $3.99 trillion budget, draws scorn from Republicans

WASHINGTON: President Barack Obama on Monday proposed a $3.99 trillion budget that drew scorn from Republicans and set up battles over tax reform, infrastructure spending, and the quest to prove which party best represents the middle class.

eBay to cut 2,400 jobs

NEW YORK: Online retail giant eBay will slash 2,400 jobs -- seven percent of its workforce -- in the current quarter as it restructures and prepares to spin off its PayPal finance unit, it said Wednesday.

British unemployment hits new six-year low

LONDON: Britain's unemployment has hit another six-year low and wages are climbing in real terms, official data showed Wednesday in a pre-election boost for the government.

More than 212 million people will be jobless by 2019

GENEVA: Unemployment will rise by 11 million in the next five years due to slower growth and turbulence, the UN warned on Tuesday.

U.S. payrolls rise, unemployment rate falls to 5.8 percent

WASHINGTON: U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy's resilience in the face of slowing global demand.

Joblessness, inequality top global concerns in 2015: report

GENEVA: Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said Friday.

World Bank to cut net 250 jobs

WASHINGTON: World Bank President Jim Yong Kim announced a net 250 job cuts Thursday -- the first major job reductions under his reorganization plans at the bulked-up development bank.

Bosnians vote for presidents, parliament

SARAJEVO, BOSNIA: Bosnia voted Sunday to choose new leaders and a parliament amid mounting social discontent in a country plagued with corruption and ethnic disputes which are hampering its approach to the European Union.

No one will be allowed to storm Parliament, says Bizenjo

ISLAMABAD: Leader of National Party (NP) Mir Hasil Bizenjo has said that it is the democratic attitude of the rulers which has allowed the protesters to stage sit-ins at Red Zone area of Islamabad, ARY News reports.

Six Job Search Tips to Fill an Employment Gap

When you’re searching for a job, the fact that you’re currently unemployed might weigh on you as you consider what potential employers will think about the time you’ve spent out of the workforce.

China’s factories spring to life as global trade reawakens

SYDNEY: Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade.

Microsoft to cut 18,000 jobs this year as it chops Nokia

SEATTLE: Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the company that is used to protecting its existing Windows and Office franchises.
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