US July Unemployment Rate Fell to 9.4%

US unemployment rate fell to 9.4% in July, down from 9.5% in June, marking the first drop since April 2008, and moreover, the highest rate in more than a quarter of a century. "Analysts attributed the lower rate of contraction to the government's stimulus package, which...

More women than men lose jobs as economic crisis continues - ILO

In its annual report, Global Employment Trends for Women, the International Labour Organization says that as the world's economic crisis continues, women will lose more jobs than men, with up to 22 million out of work by the end of 2009. " The continuing global economic...

Economic crisis: Sour Christmas for Congolese after mines close

Written by Miriam Mannak LUBUMBASHI / DRC - It is busy at the gates of the Bralima brewery in Lubumbashi, the second largest city of the Democratic Republic of Congo (DRC). One day before Christmas, about fifty to sixty men are leaning in silence aainst...