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MercoPress, en Español

Montevideo, September 21st 2024 - 09:07 UTC

Tag: Unemployment

  • Friday, September 20th 2024 - 09:34 UTC

    Unemployment keeps growing in Argentina

    Consumption was also reported to have decreased significantly

    According to a report from Argentina's National Institute of Statistics and Census (Indec), unemployment in the South American country reached 7.6 % in the second quarter of 2024. The figures were consistent with the 7.7% recorded in the previous trimester but represented a sharp interannual deterioration from the 6.2% during the same period of 2023.

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  • Saturday, June 29th 2024 - 09:28 UTC

    Brazil: Dollar soars, unemployment falls

    The last working day of the semester is marked by strong demand for dollars from multinationals sending profits abroad

    The economy in South America's largest country is taking a shaky turn as Friday's figures would indicate. The exchange rate between the local real (R$) and the US dollar (US$) went up 15.15% over the past six months, closing at US$ 1 = R$ 5.58 while the Stock market fell 0.32% for a 1.49% monthly gain. On the brighter side, unemployment in the quarter ending in May stood at 7.1%, according to Brazil's Institute of Geography and Statistics (IBGE), a considerable improvement from February's 7.8% and the yoy 8.3%.

  • Wednesday, June 5th 2024 - 20:53 UTC

    Uruguay's interannual inflation stands at 4.1% in May

    Gasoline rose 1.95% on average, the INE found

    Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.

  • Friday, April 26th 2024 - 20:59 UTC

    Thousands of layoffs feared in Argentina next month

    The number of Industrial SMEs has remained unchanged for quite a while amid an increase in population, Rosato warned

    Argentine SMEs fear a wave of sackings in the coming days due to President Javier Milei's policies which may have been somewhat successful at curbing inflation but at a cost. The Industriales Pymes Argentinos (IPA) chamber released a report saying that some 17,000 jobs had been lost since Milei took office on Dec. 10, 2023, and further suspensions and layoffs appear on May's radar.

  • Tuesday, December 26th 2023 - 10:55 UTC

    Impending job losses to deepen Argentina's crisis in the short run

    Impending job losses to deepen Argentina's crisis in the short run

    The administration of President Javier Milei is planning not to renew the contracts of some 7,000 state workers, which would add to the hardships many Argentine families are going through amid deep reforms to recover from the country's current crisis, it was reported in Buenos Aires.

  • Friday, September 1st 2023 - 10:02 UTC

    Unemployment reaches lowest figures since 2015 in Brazil

    Labor Minister Luiz Marinho forecast that Brazil would create 2 million formal jobs this year

    According to a report from Brazil's statistics bureau (IBGE) released Thursday, unemployment in South America's largest country stood at 7.9% (around 8.5 million people) in the second quarter of 2023, the lowest number since 2015 and a 0.6% decrease from the quarter ending in April.

  • Wednesday, August 16th 2023 - 10:00 UTC

    Beijing finds solution to youth unemployment: it stopped publishing key figures

    The National Bureau of Statistics (NBS) said that starting from August it would no longer be releasing age-group-specific breakdowns of unemployment data

    China's agency official statistics agency said on Tuesday that it had stopped publishing key unemployment figures that had previously shown the number of jobless youth in the country had reached a record high.

  • Tuesday, July 18th 2023 - 10:30 UTC

    Growing concern in China over urban areas youth (16 to 24 years) unemployment

    Youth employment is being closely watched by economists as a record 11.58 million university graduates are expected to enter the Chinese job market this year.

    The jobless rate of 16 to 24 year olds in Chinese urban areas rose to 21.3% last month, official figures released by Beijing show. It comes as the world's second largest economy grew just 0.8% in the three months to the end of June.

  • Monday, July 17th 2023 - 11:05 UTC

    Micro and small businesses behind 69% of jobs in Brazil

    Medium and large companies tend to be more labor-saving in the long run, Décio Lima explained

    According to a study conducted by the Brazilian Micro and Small Business Support Service (Sebrae), micro and small businesses have been behind the creation of seven out of ten formal jobs nationwide, Agencia Brasil reported.

  • Friday, May 12th 2023 - 10:30 UTC

    Despite fears of recession and bank failures, US economy manages 4,9% inflation and unemployment stands at 3,4%

    While prices for milk, airline tickets and new cars fell during April, housing, petrol and used car prices all jumped from March to April

    Inflation in the US has fallen to 4,9%, in the twelve months to April, according to official figures. That was down from 5% in March and marks the tenth month in a row that price rises have slowed.

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