unemployment Tag

Consumer spending has contracted for two straight quarters Singapore’s economy may be picking up, but consumers aren’t feeling it. After two years of below-par growth, economists and even the government are becoming more positive on the outlook. While it’s not boom time yet, the consensus is that 2017 growth will come in higher than last year’s 2 percent. A large part of that is down to exports: Singapore, like other trade-reliant nations in Asia, is benefiting from a recovery in global growth, which is translating into rising sales of electronic goods. ButRead More
KUALA LUMPUR (March 23): Youths unemployment has been on the rise in the country as growth in hiring slowed since late 2014, and was estimated to have reached 10.7% in 2015, over three times the national unemployment rate of 3.1%, according to Bank Negara Malaysia (BNM). And among these jobless youths, young graduates make up a relatively larger share of unemployed youths, at 23%, said BNM. “In 2015, youth unemployment rate increased by 1.2 percentage points from an estimated 9.5% to 10.7%, while the national unemployment rate increased by onlyRead More
Australian unemployment unexpectedly climbed in February as the economy shed jobs, indicating spare capacity remains a problem in the labor market and wages and inflation are likely to remain subdued. Key Points Employment fell 6,400 from January; economists forecast 16,000 gain Jobless rate rose from 5.7% to 5.9%, the highest level since January 2016; economists forecast 5.7% Full-time jobs rose by 27,100; part-time employment dropped 33,500 Participation rate held at 64.6%, as economists predicted Aussie dollar fell to 76.93 U.S. cents at 12:42 p.m. in Sydney, compared with 77.14 centsRead More
By: Farhah Aziz Zimbabwe; a landlocked country known for Victoria Falls, Robert Mugabe and indeed the hyperinflation crisis. Who hasn’t heard of the infamous phase of hyperinflation crisis plaguing the country in the late ‘90s stretching into early 2000s? The annual inflation rate was indeed extremely staggering with a record high, 500 billion per cent as of 2009, ranked the highest in the world. So, what has caused this economic chaos to happen in the first place and where is this southern African economy heading to in the future? “Indigenization”Read More