Tag Archives: Unemployment

18Aug/20

CRU: Five features of the pandemic recovery

The economy is in the midst of a recession triggered by a health crisis. That makes this recession unusual and different. Here we examine how this recession compares to previous recessions. From that we infer key features of the pandemic recovery. We conclude that demand in most commodity end-use sectors – construction and manufacturing – is likely to be more resilient than normal, because the COVID-19 recession is primarily a service sector recession. The automotive sector is an exception, however, and experiences a slower recovery in light of the structural challenges it faces with respect to climate policy. Read more

05Jul/17

South Africa’s ANC proposes land expropriation without compensation

JOHANNESBURG, SOUTH AFRICA (JULY 5, 2017) (REUTERS) – South Africa’s ruling party failed on Wednesday (July 5) to agree a clear plan to get the economy out of recession and tackle near-28 percent unemployment, but risked rattling investors with pledges on nationalising the central bank and expropriating land. Continue reading

12Apr/17

Inflation almost completely gnaws away the growth in pay of British workers during the three months to February

Inflation gnaws at the growth in pay of British workers during the three months to February, evidence that households are feeling the strain of rising prices as Brexit negotiations begin.
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29Nov/16

Female auto repairs entrepreneur beats unemployment and gender barrier

Despite being discouraged by many, Thembi Sithole ventured into a business widely dominated by men. She runs a shop in South Africa that fixes and refurbishes vehicles. Thembi – defying worrying unemployment trends in the country, has secured a regular customer base and won the trust of some of the top motor companies in the industry.

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28Nov/16

Ghana cyber crime flourishes where jobs are scarce and literacy is high

Thousands of young people in Ghana’s capital make a living doing internet romance scams, the only way, they say, to earn decent money given sky-high unemployment levels. Their desperation is evidence of the challenge facing politicians who, ahead of a presidential election on December 7, are telling voters that job creation is a top priority.

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25Aug/16
Downtown Lusaka

Zambians feel pinch as election row delays moves to revive economy

Copper slide, unemployment heightens economic pressure.
Pre-election violence, court challenge could delay aid.
Zambia wary of conditions linked to Chinese investment.

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