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View all search resultsA record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in US history were wiped out in about a month as the novel coronavirus savages the economy.
More than 10 million employees in France -- one out of every two in the private sector -- have been laid off during the coronavirus lockdown and are now benefiting from an extended indemnity program to weather the crisis, the government said Wednesday.
With the pre-employment card, President Joko “Jokowi” Widodo hopes to reduce the unemployment rate and teach new skills to Indonesia’s workforce to keep up with the ever-changing digital economy and combat job loss as a result of automation.
Fiscal stabilization involves a response to GDP fluctuations that can be automatic or not. Non-automatic responses include discretionary actions that occur when policymakers take deliberate measures to offset shocks to economic activity.
The government and the Workers Social Security Agency (BPJS Ketenagakerjaan) are now preparing a mechanism for providing unemployed citizens with benefits, said Manpower Ministry training and productivity supervision director general Bambang Satrio Lelono in Jakarta on Monday.
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