LONDON :  British unemployment rose in February and wage growth slowed to a record low, suggesting cracks are starting to show in the labour market at a time when the central bank is split on another cash boost for the economy.Britain’s main jobless rate rose to 7.9 percent in the three ...

GENEVA - Five years after the global financial crisis hit, unemployment numbers continue to soar, with a record 202 million people worldwide expected to be officially jobless this year, the International Labour Organization said Tuesday.Last year saw a clear resurgence of the crisis, the UN's ...

LAHORE – An unemployed man shot himself dead at Ali Hussnainabad in the Sundar police precincts on Sunday. Police investigators said the deceased named Javed Masih, a father of one, had been jobless since long.On the day of the incident, Javed shot himself with a pistol. Subsequently, he ...

MADRID  - Unemployed Spaniards on Saturday held the latest in a series of angry demonstrations against the government’s economic crisis cuts, as fears rose for the country’s financial stability.Several hundred people thrown out of work by the recession converged on the capital ...

SYDNEY  - Australia's unemployment rate remained steady at 5.2 percent in December, data showed Thursday, but economists said the jobs market was weakening and raised the likelihood of an interest rate cut.It came in the same as the revised November figure and compared to a consensus forecast ...

LAHORE - The National Vocational and Technical Training Commission (NVTTC) would impart vocational training to around 500,000 jobless male and female youth of the country, as Commission has succeeded to arrange the over Rs500 million from the donors. During a meeting at PRGMEA office Mumtaz Akhtar ...

Massive power load shedding being conducted by Karachi Electric Supply Company (KESC) has rendered thousand of laborers jobless. Prolonged electricity load shedding in Karachi for last few years has badly damaged its economy, Ms. Sharmila Faruqui, the Information Secretary Pakistan Peoples Party ...

ISLAMABAD - Implementation Commission on the 18th Amendment in its meeting has reiterated the governments commitment that in the wake of devolution of federal ministries, not even a single employee of these ministries would be rendered jobless and all of them would be accommodated in other ...

SAHIWAL - Former President Sahiwal Chamber of Commerce and Industry Sheikh Azmat Saleem has expressed great concern over the prevailing energy crisis. He said, because of energy crises, only in Sahiwal region more than 10,000 industrial workers have become unemployed. He demanded of the federal ...

WASHINGTON (AFP) - The number of Americans filing new weekly claims for jobless benefits jumped unexpectedly to 500,000, the highest level in nine months, the government said Thursday, threatening recovery hopes. The claims in the week to August 14 increased by 12,000 from the previous weeks ...

LONDON (AFP) - Britains jobless total has hit the highest level since late 1994, but the number of people claiming benefits fell by more than expected in March, official data showed on Wednesday. With a general election looming on May 6, economists argued that the mixed data would be difficult to ...

OTTAWA (AFP) - The Canadian economy created 43,000 jobs in January, most of them part-time, and the unemployment rate dipped to 8.3 percent, official data showed Friday. The Statistics Canada figures were much better than the consensus forecast of 15,000 new jobs and an increase in the unemployment ...

Obama Signs Bill Extending Jobless Benefits as Unemployment Rate Skyrockets Nearly 16 million people can't find jobs, the Labor Department said Friday, pushing the unemployment rate over 10 percent for the first time since 1983. Just hours after the government announced that the jobless rate topped ...

BRUSSELS (AFP) - Unemployment in the 16 countries using the euro rose in March to 8.9 percent to hit the highest level in over three years as the recession took hold, according to official EU data on Thursday. The unemployment rate hit the highest level since Nov 2005 in March as an estimated ...

KARACHI - The overwhelming job crisis has alarmed the whole world and not even spared the big guns of the international economic community. However, the developed countries have been entirely stunned over this roaring issue. The International Labour Organisation (ILO) predicts that global ...

TAIPEI (AFP) - The number of monthly unemployment benefit claims in Taiwan hit a record 100,000 in February, as the local economy deteriorates in the face of the world financial crisis, officials said Monday. The February jobless claims totalled two billion Taiwan dollars (57 million US), marking ...

WASHINGTON (AFP) - New US jobless claims surged to 667,000 in the past week, the highest in over 26 years, data showed Thursday in a sign of ongoing labor market stress. The Labor Department said the number of initial claims for unemployment benefits in the week to Feb 21 rose from a revised ...

US economy deteriorating situation has landed all major firms in dire straits, which has compelled these firms layoff at least 50,000 employees in one day and this has also hit the popularity rating of Obama by 15 percent. Monday proved to be the black day relating to the job cuts in US, when the ...

New US weekly jobless claims rose by 30,000 over the past week to 586,000, the Labor Department said Wednesday in another sign of a weak employment picture. The figure was higher than the 558,000 expected by private economists and indicates employment, one of the best indicators of economic ...

LAHORE - A Full Bench of the Supreme Court hearing the case of sky-rise buildings in the city Monday hinted at early disposal of the matter on the plea that thousands of workers had lost job after construction work had come to a standstill over pending decision on the case of plazas etc built in ...

The US economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' poll of 50 professional forecasters released on Monday ...

TOKYO (AFP) - Worries grew Tuesday that Japan's economy was slipping into recession as job offers sank to their lowest level in four years, while consumer spending and industrial output tumbled. The raft of gloomy data came on the eve of a key index of Japanese business confidence that is ...

LAHORE - In the wake of ban imposed on plastic bags by LHC, more than 78 factories manufacturing plastic bags are likely to be closed down. Whereas as many as 0.3 million employees working in these factories fear to be jobless. It may be recalled that plastic shopping bags industry is the third ...

Japan's unemployment rate hit a seven-month high of 4.0 percent in April, rising from 3.8 percent the previous month, official figures showed Friday.The seasonally adjusted figure was slightly worse than average market forecasts for a rate of 3.9 percent and the highest since September 2007 when ...