Economic woes dash job prospects in low income countries: ILO

New York: Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing countries, the International Labour Organization (ILO) warned on Wednesday.

Report says AI may impact 300 million jobs

Washington: A report released by investment bank Goldman Sachs has revealed that Artificial Intelligence (AI) may replace  300 million full-time jobs.

Global jobs market recovery ‘has gone into reverse’, warns UN labour agency

New York: The recovery of the global jobs market is going into reverse, the UN labour agency, ILO, said on Monday, blaming COVID-19 and “other multiple crises” that have increased inequalities within and between countries.

Amid COVID job losses, ‘high food prices are hunger’s new best friend’, WFP warns

New York: Job losses caused by the COVID-19 pandemic combined with high food prices are making it hard for millions of families to get enough to eat, the World Food Programme (WFP) warned on Thursday.

COVID-19 pandemic wipes out 6 mln jobs in Peru

Lima/Xinhua: More than 6 million Peruvians have been left jobless due to the COVID-19 pandemic, Labor Minister Javier Palacios said on Thursday.

18 million people may lose job, says Pakistan Minister

Islamabad/IBNS: Giving a hint that COVID-19 might leave a major burden on Pakistan's economic paradigm, country's Minister for Planning, Development and Special Initiatives Asad Umar has said between 20 million to 70 million people could fall below the poverty line and 18 million people could also lose jobs due to the lockdown.

US jobless claims again surpassed 6 mln last week as COVID-19 devastates economy

Washington/Xinhua/UNI:  The number of initial jobless claims in the United States totaled 6.6 million last week amid mounting economic fallout from COVID-19, following a similar staggering figure the week earlier, the U.S. Bureau of Labor Statistics reported on Thursday.