Regional News • Americas • United States
US economy added 916,00 jobs in March
US economy added 916,00 jobs in March
Credit: Ed Brown, Public domain, via Wikimedia Commons

The U.S. economy added approx. 916,000 jobs in March, with the unemployment rate dropping to 6 percent compared to 6.2% in February, the Labor Department reported Friday. The March job increase was the best since August 2020.

Regional News • Africa
Malawai: President reverses his campaign promise to create one million jobs

President Lazarus Chakwera has reversed his campaign promise to create one million jobs. He justified his action by saying that the government could only employ 200,000 people and could not create more jobs on its own. Chakwera calls on every entrepreneur to employ more people.

Critics have accused Chakwera that he had no job creation plan and that his promise was nothing more than a campaign strategy.

Technology • Internet & Web
Mozilla announces that they will layoff around 250 employees
Mozilla announces that they will layoff around 250 employees

The Mozilla Corporation has announced that around 250 employees will lose their jobs as part of a restructuring. According to the announcement "economic conditions resulting from the global pandemic have significantly impacted" the revenue of the corporation.

Earlier in 2020 around 70 employees had already lost their jobs.

Mozilla CEO Mitchell Baker has stated that: "Though we’ve been talking openly with our employees about the need for change — including the likelihood of layoffs — since the spring, it was no easier today when these changes became real. I desperately wish there was some other way to set Mozilla up for long term success in building a better internet".

Business • Health Care
5.4 million people in the U.S. lost health insurance, study finds
Unemployment map showing percentage of nonelderly adults who are currently uninsured
Unemployment map showing percentage of nonelderly adults who are currently uninsured Credit: Screenshot via Families U.S.A.

A recent study by the consumer advocacy group Families U.S.A. has found that "because of job losses between February and May of this year, 5.4 million laid-off workers became uninsured." This number is 39% higher than the previous highest increase, recording between 2008 and 2009, with 3.9 million uninsured adults.

"These record-breaking increases in the number of uninsured have taken place during the country’s worst public-health crisis in more than a century and the sharpest and deepest economic downturn since World War II," the study states. "Nevertheless, no federal COVID-19 legislation signed into law has attempted to restore or preserve comprehensive health insurance. Now is the time to fill that gap by including protections for comprehensive health insurance in the next COVID-19 bill."

Business • Economy
Segway ceases production of self-balancing scooter
Segway ceases production of self-balancing scooter
Credit: unsplash.com/Jan Paweł Bochen

Segway will cease production of the Segway Personal Transporter, a self-balancing scooter that was released 20 years ago. The company announced on Tuesday that manufacturing on the scooter would end by July 15 in the company's New Hampshire factory and 21 employees would be let go.

Business • Economy
US billionaires net worth rises by $565 billion during Covid-19 pandemic

The economical consequences of the Covid-19 have been unprecedented for the United States. Over the past eleven weeks, 42.6 million Americans have filed for unemployment benefits with black Americans being disproportionately affected. In contrast to this, the net worth of the American billionaires has grown 20% - in numbers by $565 billion - according to a report by the Institute for Policy Studies.

Attack with a chainsaw in Berlin unemployment office

After a verbal argument, because a 44-year-old wasn't able to cash a check at the Berlin unemployment office, the man threatened a security employee to come back with a chainsaw.

Fifteen minutes later he actually appeared in the company of a woman having a chainsaw in hands. Thanks to the quick action of the staff, the entrance to the unemployment office was closed and the police were able to find the perpetrators without anybody getting injured.

Business • Economy
1 in 4 U.S. workers now unemployed
The Frances Perkins Building of the U.S. Department of Labor headquarters in Washington, D.C.
The Frances Perkins Building of the U.S. Department of Labor headquarters in Washington, D.C. Credit: Ed Brown / Public domain

With another 2.1 million unemployment claims filed in the last week, the total number of jobless claims in the U.S. has passed 40 million. Though these numbers may not indicate only new layoffs as, according to chief economist at the accounting firm Grant Thornton Diane Swonk, states have been working through a backlog of claims.

Regional News • Americas • United States
Layoffs in US hit nearly 39 million since Covid-19 pandemic started

US Labor Department announced that jobless claims for the week that ended on May 15 totalled 2.4 million, bringing the total to nearly 39 million since March.

Transportation • Air Transportation & Traffic, Flying
Ryanair announces job cuts and other cost-cutting measures
Ryanair airplane at Bratislava Airport
Ryanair airplane at Bratislava Airport Credit: unsplash.com/Anastasia Dulgier

The Irish budget airline Ryanair is in negotiations with its trade unions and employees about a series of cost-cutting measures. With the Covid-19 pandemic reducing passengers by more than 5 million and a presumed €200 million first quarter loss, the airline plans to cut around 3,000 jobs and is working out unpaid leave and pay cuts with its employees.

Business • Economy
New Zealand’s Finance Minister Announces Plan to Reduce Unemployment Numbers
NZ Finance Minister Grant Robertson in Wellington, New Zealand
NZ Finance Minister Grant Robertson in Wellington, New Zealand Credit: David Tong / CC BY-SA (Creative Commons Attribution ShareAlike 4.0)

Grant Robertson, New Zealand’s finance minister, announced a NZ$50 billion dollar plan to reduce unemployment numbers and save around 140,000 jobs within a two-year period. Robertson called the fund “the most significant financial commitment in modern history”. Of the budget, $3 billion are planned for government’s wage subsidy, $1.6 billion for apprenticeships training and trades, $3 billion for infrastructure including job creation and $400 million for supporting the tourism industry.

Business • Economy
Air Canada to Lay off Half of its Workers

After grounding more than 200 planes and slashing 95% of its flight capacity due to the decrease in demand as a result of the COVID-19 outbreak, the Canadian flag carrier is about to fire roughly 20,000 of its 39,000 employees. The layoffs, which will take place on the 7th of June, will affect a minimum of 19,000 staff and could go as high as 22,800.

Business • Economy
3 million more unemployment claims filed last week in the US

The Labor Department reported another three million filed for unemployment last week. So far, over 36 million jobless claims have been filed since March.

Regional News • Americas • Canada
Canada unemployment rate hits 13% due to Covid-19 pandemic

The unemployment rate in Canada hits 13% due to the coronavirus lockdown, after three million jobs were cut in the last two monts. Only during the 1982 recession, there was a higher rate (13.1%).

"These numbers tell us what we already know: Canadians are hurting because of this pandemic. Everyone has their own story. But it all boils down to a very difficult time for a lot of people," Prime Minister Justin Trudeau told a daily briefing.

Regional News • Americas • United States
US unemployment rate jumps to 14.7%, highest rate since The Great Depression
Empty Subway Station during the NYC Covid-19 Quarantine.
Empty Subway Station during the NYC Covid-19 Quarantine. Credit: Alec Favale (Creative Commons Attribution ShareAlike 4.0)

The U.S. Bureau of Labor Statistics reported the unemployment rate reached 14.7% after more 20.5 million workers lost their jobs in April. This rate is the highest since The Great Depression.

Before the Covid-19 pandemic, in February, the unemployment rate was at 3.5%

Business • Economy
3.2 million more filed for unemployment in the US last week

With 3.2 million more people filing for unemployment in the US last week, the total number of claims as a result of the coronavirus crisis has risen to 33.5 million since March. These numbers do not include people who aren't legible for unemployment benefits and Elise Gould, senior economist at the Economic Policy Institute, believes the real unemployment rate to be higher than what is reported.

Business • Economy
Deliveroo cuts over 350 employees, blaming Covid-19 crisis
Deliveroo cuts over 350 employees, blaming Covid-19 crisis
Credit: unsplash.com/@rosssneddon

Deliveroo, an online food delivery company, has confirmed the layoff of 367 employees, approx. 15% of its global headcount. A Deliveroo spokesman said that the global health crisis had impacted their business and that they had to reduce long-term costs.

Business • Economy
US reports 30 million filings for unemployment since March

The Labor Department reported that another 3.8 million filed for unemployment benefits in the US last week. So far over 30 million people have lost their job due to repercussions of the Covid-19 pandemic, but these numbers might not be correct a study finds. The Economic Policy Institute reports that about 50 percent more people might be out of work but didn't apply for benefits.

Lifestyle • Food
Vietnam sets up machines that distribute free rice to people out of work during pandemic

Businessmen and donors have set up machines in several different cities across Vietnam, that dispense rice for free to people that are out of jobs and have no income. The waiting lines require people to keep up physical distancing and people are required to sterilize their hands before receiving their rice.

Business • Economy
Rising unemployment numbers in the US: 6.65 million new filings in past week

The federal labor department has announced that the unemployment numbers in the United States have continued rising. With more than 6.65 million people filing for unemployment benefits in the United States in the last week, adding to the around 3.3 million in the week before, the United States have an unprecedented rise in people filing for unemployment benefits.