The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year. War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around ...
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Tag Archives: Unemployment
Feed SubscriptionWhy a 2022 Recession Would Be Unlike Any Other?
Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs? Recessions usually come with a dip in economic output and a rise ...
Read More »International Labour Organization (ILO) expects Global Unemployment to stand at 205 million people in 2022
GENEVA, June 02, 2021 – The labour market crisis created by the COVID-19 pandemic is far from over, and employment growth will be insufficient to make up for the losses suffered until at least 2023, according to a new assessment ...
Read More »Jobless young people without basic skills told to learn or lose benefits
Unemployed 18 to 21-year-olds without basic maths and English will only get benefits if they undergo 16 hours of training a week. Unemployed teenagers who leave school without basic English and maths will be forced to go back to the ...
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