South Korea’s Jobless Rate Hits 10-Year High as Virus Surges Bloomberg 1/13/2021 Sam Kim
(Bloomberg) South Korea lost the most jobs in two decades and the unemployment rate hit a 10-year high as the country’s worst coronavirus outbreak yet forced businesses to slash hiring.
The nation shed 628,000 jobs in December compared with the prior year, a tenth straight monthly drop and the most since February 1999. Restaurants and hotels were the hardest hit, but manufacturing also lost more than 100,000 jobs for a second month, signaling that a recovery in tech exports has yet to translate into increased employment.
The jobless rate jumped to 4.6%, the highest since January 2010. Economists had forecast a reading unchanged from November’s 4.1%.
Canadians focused on savings and debt, not spending: Poll bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
How China Won Trump s Trade War And Got Americans To Foot The Bill Donald Trump famously tweeted that trade wars are good, and easy to win in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Updated: January 12, 2021 7:07 pm IST
Compared with tariffs, an escalating conflict over technology is of more concern to China
Supply Lines is a daily newsletter that tracks Covid-19 s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.
U.S. President Donald Trump famously tweeted that trade wars are good, and easy to win in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
U S jobs fell in December as virus surge hindered activity bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.