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unemployment rate

South Africa’s unemployment bloodbath in Q2 2024

by Anas Siddiqui
South Africa’s unemployment bloodbath in Q2 2024

Stats SA’s latest data reveals the full extent of South Africa’s unemployment bloodbath in Q2 2024. An election year is always going to be potentially disruptive for South Africa’s unemployment rate, …

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Unemployment rate unchanged in July, though jobless rate for young people continued to rise

by Anas Siddiqui
Unemployment rate unchanged in July, though jobless rate for young people continued to rise

Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed …

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ANC party loses its 30-year parliamentary majority in South Africa

by Walter Watson
ANC party loses its 30-year parliamentary majority in South Africa

The African National Congress party lost its parliamentary majority in a historic election result Saturday that puts South Africa on a new political path for the first time since the …

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Meet the self-proclaimed ‘Prince of Africa’ who wants to be Ghana’s next president

by Walter Watson
Meet the self-proclaimed ‘Prince of Africa’ who wants to be Ghana’s next president

Ghanaian presidential hopeful Nana Kwame Bediako goes by three different names — each name, he says, represents a different aspect of his persona. The 44-year-old entrepreneur and real estate developer …

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Western Cape leads South Africa with lowest unemployment rate

by Ron Morgan
Western Cape leads South Africa with lowest unemployment rate

The latest data from the Quarterly Labour Force Survey (QLFS), unveiled by Statistics South Africa, highlights the Western Cape’s steadfast position with the lowest unemployment rate in the nation, standing …

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As India begins third phase of polls, young voters say they want more jobs

by Walter Watson
As India begins third phase of polls, young voters say they want more jobs

Over 40 per cent of India’s population is under the age of 25. That huge pool of young people should be a competitive advantage for India – the fastest growing …

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U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

by Walter Watson
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …

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Lengthier job hunts for recent graduates could be major factor in unemployment rate

by Anas Siddiqui
Lengthier job hunts for recent graduates could be major factor in unemployment rate

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment. Nareshan, who lives in Ottawa, has applied for dozens …

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Quebec tightening French-language requirements for storefronts, labels

by Anas Siddiqui
Quebec tightening French-language requirements for storefronts, labels

Quebec business owners have about a year and a half to ensure all signs on businesses, aside from the company name, must be predominately in French.  Also, loopholes are being closed …

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U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

by Anas Siddiqui
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest …

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