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Showing posts with label Jobless. Show all posts
Showing posts with label Jobless. Show all posts

10/16/20

US jobless claims rise to 898,000 with layoffs still high - by C. Rugaber

The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.

Thursday’s report from the Labor Department coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring.

Read more at: 
US jobless claims rise to 898,000 with layoffs still high

9/28/14

Britain dodging EU laws and UK taxpayers now face huge bill from EU jobless - by Alison Little

European Union rules require a member state where a foreign worker has paid National Insurance Contributions (NICs) to reimburse the person’s home country for certain benefits, mostly Jobseeker’s Allowance, paid when they return.

Britain insists it will hand over the cash only where the person has paid NICs here for long enough to qualify for the benefits had they stayed in the UK and been unemployed.

But a group of Eastern European countries has signalled they will work together to step up pressure on the UK to bow to a non-legally binding recommendation from an EU committee that states should reimburse each other regardless of their own rules.

The Czech Republic said it was working with Hungary, Slovakia and Poland who all claim Britain owes them millions.

Czech Minister of Labour and Social Affairs Michaela Marksova yesterday  said her country had received just £800,000 from Britain in payments for unemployed returning Czechs when it was owed an estimated £3 million.

In a radio interview she accused UK authorities of dragging their heels and dodging their EU responsibilities.

Read more: UK taxpayers face huge bill from EU jobless who go home | UK | News | Daily Express

8/31/13

European Employment: Number of Jobless People Declines Slightly in Europe

While unemployment remained at record levels in percentage terms, the actual number of jobless people in the euro zone fell slightly in July, according to data published on Friday, offering fresh evidence that Europe’s struggling economy was taking tentative steps toward a recovery.

The tiny improvement in employment — which came alongside declining inflation and a survey showing improved confidence among European consumers and business managers — was welcomed as additional evidence that the worst of the region’s downturn was probably over. Still, officials and economists cautioned that the economic health of Europe remained fragile and the pace of recovery highly uneven within the region, underscoring the challenge for policy makers and central bankers. 

“The recent improvements are minimal,” said Laszlo Andor, the European Union’s commissioner for employment. “This is no time for celebration or complacency.” 

The jobless rate in the 17 countries that share the euro was 12.1 percent in July, adjusting for seasonal effects, according to a report from Eurostat, the European Union statistics agency. That figure has remained unchanged for several months. A year earlier, it was 11.5 percent. 

Eurostat estimated that 19.2 million people in the euro area were jobless in July, 15,000 fewer than in from June.

Read more: Number of Jobless People Declines Slightly in Europe - NYTimes.com