Thailand tackles unemployment with million jobs expo



a group of people standing in front of a crowd: Job Expo Thailand 2020


© Reuters/SOE ZEYA TUN
Job Expo Thailand 2020

By Orathai Sriring and Jiraporn Kuhakan

BANGKOK (Reuters) – Tens of thousands of Thais on Saturday flocked to a government-organised job expo with more than a million jobs up for grabs as it works to stem mounting unemployment in an economy battered by the coronavirus pandemic.



a group of people posing for the camera: Job Expo Thailand 2020


© Reuters/SOE ZEYA TUN
Job Expo Thailand 2020

Southeast Asia’s second-largest economy could shrink by a record 8.5% this year, with its key tourism sector taking a beating, the government predicts, leaving young and old alike searching for work.

More than 570 booths, from public organisations, private firms and for roles overseas, were set up for job seekers at a “JOB EXPO THAILAND 2020” in Bangkok, which runs until Monday.

“I got laid off,” said 23-year-old Chanissara Prommas. “I used to work for Hong Kong Airlines, but the company couldn’t deal with the cost, so they

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Payrolls increase by nearly 1.4 million as the unemployment rate tumbles

Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn.

The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and 22.8% at the peak in April.

Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July.

“It’s another great day for American jobs and American workers,” Vice President Mike Pence told CNBC. Pence added that the job growth and the single-digit unemployment rate is “real evidence that the American comeback is underway.”

Markets initially reacted positively to the news, but stocks

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Unemployment drops to 8.4% but US job growth slowed in August


WASHINGTON (AP)

The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed, with employers adding the fewest jobs since the pandemic began.

Employers added 1.4 million jobs, the Labor Department said, down from 1.7 million in July. The U.S. economy has recovered about half the 22 million jobs lost to the pandemic.

Friday’s report added to evidence that nearly six months after the coronavirus paralyzed the country, the economy is mounting only a fitful recovery. From small businesses to hotels, restaurants, airlines and entertainment venues, a wide spectrum of companies are struggling to survive the loss of customers with confirmed viral cases still high.

After an epic collapse in the spring, when the economy shrank at a roughly 30% annual rate, growth has been rebounding as states have reopened at least parts of their economies. Yet the recovery remains far from complete.

Many

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US economy adds 1.371 million payrolls in August, unemployment rate dips to 8.4%

The US economy added back a greater than expected number of payrolls in August and the unemployment rate improved by a larger than anticipated margin, as employers continued to bring back workers as virus-related business disruptions abated. Still, the pace of payroll gains slowed relative to recent months.

Here were the main metrics from the Department of Labor’s August jobs report released Friday morning, compared to consensus estimates compiled by Bloomberg:

  • Change in non-farm payrolls: +1.371 million vs. +1.350 million expected, vs. +1.734 million in July

  • Unemployment rate: 8.4% vs. 9.8% expected, vs. 10.2% in July

  • Average hourly earnings, month over month: 0.4% vs. 0.0% expected, +0.1% in July

  • Average hourly earnings, year over year: 4.7% vs. 4.5% expected, 4.7% in July

  • Labor force participation rate: 61.7% vs. 61.8% expected, 61.4% in July

Even with another print above 1 million, the number of non-farm payrolls added in August has not

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South Carolina unemployment falls, but tourism jobs vanish

COLUMBIA, S.C. (AP) — South Carolina’s unemployment picture has improved overall, with 20,000 people finding work and businesses reopening as they adjust to the COVID-19 pandemic.

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But restaurants, hotels and other tourism businesses continue to struggle, having lost more jobs even in the height of the summer season, according to the August unemployment figures released Friday by the South Carolina Department of Employment and Workforce.

The unemployment rate in South Carolina dropped to 6.3% in August, down from 8.7% in July and 12.8% in April during the peak of the outbreak, the agency said.

The unemployment rate has recovered quicker in this downturn than the Great Recession, where the drop from the 11.7% peak in December 2009 to 6.3% took more than four years, agency director Dan Ellzey said.

“We are by no means back to normal in our state, but these milestones should be acknowledged and celebrated,”

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Unemployment rate is down to 6.8% after 100,000 jobs created in August



a person standing in front of a store: MailOnline logo


© Provided by Daily Mail
MailOnline logo

Women are leading Australia out of the coronavirus recession with unemployment falling in August for the first time since the health pandemic began – creating 111,000 new jobs.

The jobless rate fell from a 22-year high of 7.5 per cent in July to 6.8 per cent last month, the Australian Bureau of Statistics has revealed.

Unemployment is still higher than March’s 5.2 per cent level, with that data compiled before the World Health Organisation declared a coronavirus pandemic.

Nonetheless, joblessness has fallen for the first time since February when the Australian share market peaked despite Melbourne recording the first case of COVID-19 in January. 



a person standing in front of a store: Women are leading Australia out of the coronavirus recession with unemployment falling in August for the first time since the health crisis - creating 111,000 new jobs.Pictured is Sydney Mitre 10 hardware manager Ching Ching


© Provided by Daily Mail
Women are leading Australia out of the coronavirus recession with unemployment falling in August for the first time since the health crisis – creating 111,000 new jobs.Pictured is Sydney Mitre 10 hardware manager Ching

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Cracks start to show in UK jobs market as unemployment rises

Bloomberg

Perelman Selling Almost Everything as Pandemic Roils His Empire

(Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid fare in New York since the go-go 1980s. But now, at an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges, most of all at Revlon Inc., his cosmetics giant.Once touted as

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Australia Unemployment Drops as Half of Jobs Lost Recovered

(Bloomberg) — Australian unemployment unexpectedly fell as fiscal and monetary stimulus helped the labor market withstand Victoria’s renewed lockdown, with more than half of the jobs lost from the pandemic now recovered.

The jobless rate dropped to 6.8% in August from 7.5% a month earlier versus a median estimate of an increase to 7.7%, data from the statistics bureau showed Thursday in Sydney. Employment surged by 111,000 in August, with all states and territories outside of Victoria gaining, and completely wrong-footing analyst estimates of 35,000 drop.

The data’s strength was surprising because the period spanned Melbourne’s shift to Stage 4 restrictions and a curfew to contain a rapidly spreading outbreak, as well as nervousness in neighboring New South Wales that it was headed down the same path. The labor market’s ability to absorb this weakness and maintain its recovery is testament to the government’s signature JobKeeper employment subsidy — that

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Unemployment rate hits 4.1% as 700,000 workers lose their jobs since coronavirus struck in March



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© Provided by Evening Standard


Stats show 700,000 UK workers have been removed from the payrolls of British companies since March when the country went into lockdown as unemployment hit 4.1% today.

“Around 695,000 jobs lost since March as unemployment rises”

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The figures are for the three months from May to July and are worse than the quarter to June when the rate stood at 3.9%.

There are growing fears that unemployment could worsen over the coming months as the Government’s furlough scheme comes to an end.

The stats post a grim picture as the thousands of layoffs since lockdown lifted underscore the damage caused by the pandemic.

Businesses in industries such as retail, aerospace, tourism, aviation and media have been among those to lay off huge proportions of their workforce.

The Office for National Statistics said young workers had been particularly hard hit by

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UK unemployment nears 2-year high in July, as pandemic claims 750,000 jobs since March


  • The UK’s unemployment rate rose to near two-year highs at 4.1% in July, as almost 750,000 jobs were lost since March this year.
  • The number of employees on payroll fell by 695,000 since March, despite the three months to July marking the period of relaxed lockdown restrictions.
  • The claimant count rose by 120.8% since March to reach 2.7 million in August. 
  • Latest data might not present the true extent of job losses in Britain as “the numbers still don’t include those who have yet to return to work from furlough, and as such aren’t classified as unemployed quite yet,” a chief market analyst said.
  • Visit Business Insider’s homepage for more stories.

The coronavirus pandemic cost 750,000 people their jobs in the UK between March and August and pushed the unemployment rate above 4% for the first time since October 2018, according to data released Tuesday

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