Tag: unemployment

Coronavirus: China’s workers and graduates fear for their future
China

Coronavirus: China’s workers and graduates fear for their future

Disastrous shutdown brought by the coronavirus pandemic has left many workers and young graduates fear for their future as unemployment looms over their head.In a building which is half shut and dark, Huang waits by a workbench for the welder to pass the next metal tray. There's only a handful of staff in the factory.The boss is stranded in Europe. They haven't had any new orders from their American customers for months. This is a business that's desperately trying to keep the lights on."Up until now we haven't received any substantial mass production orders to keep the factory running and to be able to pay salaries and to be able to stay afloat," Yuliya Yakubova said.Speaking from Italy she said, "The last [thing] I want to do really is fire or let go employees." But she doesn't have long...
Pakistan: Number of jobless people to reach 6.65m in 2020-21
Asia

Pakistan: Number of jobless people to reach 6.65m in 2020-21

Marred by economic instability and coronavirus outbreak, the number of unemployed people in Pakistan has been estimated to reach 6.65 million during the fiscal year 2020-21, compared to 5.80m of the outgoing financial year.According to the Labour Force Survey 2017-18, unemployment rate for the next year (2020-21) has been estimated at 9.56 per cent.Pakistan has the 9th largest labour force in the world which is increasing every year. During next year, the number of employed persons will increase to 69.2 million in 2020-21 from 62.1 million in 2019-20.The country is currently experiencing the phenomenon of unemployed educated people, particularly jobless graduates.The unemployment rate among degree-holders is almost three times higher than the other overall unemployed people. The reason beh...
A look at China’s military amid COVID-19-induced economic slowdown
China

A look at China’s military amid COVID-19-induced economic slowdown

Due to the coronavirus induced economic slowdown, thousands of demobilized People's Liberation Army (PLA) soldiers in big and medium-sized cities are currently facing unemployment or under-employment.Most of them, sources said, were demobilized between 2015 and 2018. Their number is said to be close to 300,000. Because of the 2016 decision, most of them were given only a lump sum payment.They were working as delivery boys, or as bearers in hotels, restaurants and salespersons in malls and shops etc. The technically qualified ones joined manufacturing units.There have been small size demonstrations asking for special help from the government by these ex-soldiers in various cities. “While not yet alarming, local authorities see these agitations as generators of negative sentiments against go