Global financial instability, along with inflation, job cuts, and the rise of digital currency, makes having an emergency fund more crucial than ever.
It consists of savings, according to individual or family means, for emergencies such as income loss, unemployment, illness, medical emergencies,…
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Browsing Tag
unemployment
Unemployment in Colombia fell to 9.1 % in October
The National Administrative Department of Statistics (Dane) published the unemployment figures for the month of October, showing a drop in the index and placing it at 9.1 %.
The figure “represents a slight improvement compared to the…
Wages and unemployment, two key issues on International Workers’ Day
On May 1st, Workers' Day is celebrated. Nations remember labor demands, marches and declarations are organized, in a scenario marked by high unemployment rates, increase in informal work, use of AI to replace humans and pension reforms.
In…
Unemployment in the United States increased to 3.9 % in February
The unemployment rate in the United States increased two tenths in February, compared to the previous month, to stand at 3.9 %. This is the largest increase since January 2022.
Despite the creation of 275,000 new jobs, in the North…
Banco Santander lays off more than 300 employees in the United States
Banco Santander applied a reduction in its workforce of 2.7 %, equivalent to some 320 employees who now join the ranks of the unemployed in the United States.
The side of Spanish origin decided to reduce jobs specifically in the retail…
ILO projects unemployment rate in Latin America of 6.3 % at the end of 2023
The International Labor Organization (ILO) has made its projections on the unemployment rate for Latin America at the end of this year, placing it at 6.3 %, with a range between 6.2 % and 6.4 %."
In its 2023 Labor Outlook report for Latin…
Unemployment rate in Brazil continued to fall during the third quarter
The increase in the number of citizens working, together with the decline in people looking for work in the third quarter of this year, contributed to the fall in the unemployment rate in Brazil.
According to data from the Brazilian…
Conservative opposition warns of danger of economic decline in Germany
The leader of the German conservative Christian Democratic Union (CDU) party, Friedrich Merz, warned this Sunday in statements to dpa of the danger of an economic decline in Germany and asked the federal government to take measures to…
ILO indicates reduction in unemployment rate in Latin America
Recent estimates from the International Labor Organization indicate a drop in the unemployment rate in Latin America and the Caribbean when comparing figures with the same period in 2021.
According to the ILO, the previous year, the…
The Fed decreed a new increase in interest rates
The Federal Reserve of the United States (FED) decreed a new increase in reference interest rates in the order of 0.5 percentage points to place them in a range that oscillates between 0.75 % and 1 % with the purpose of avoiding a increase…
Layoffs in the US fall to minimum values
The initial requests for unemployment benefits reached a total of 166,000 applications last week. It represents a decrease of 5,000 compared to the 171,000 applications for subsidy in the previous seven days and the lowest figure recorded…
Unemployment in Latin America will last until 2024
The International Labor Organization (ILO) released its edition of the Labor Overview of Latin America and the Caribbean where it noted that the economic growth evidenced during 2021 in the region did not have enough impact to reduce…