Markets.News
A recent report indicates that the unemployment rate in the country has risen to 8.2%, the highest it has been in five years. This correlates to approximately 13.6 million people currently unemployed. The report also highlights a decrease in job opportunities, with job vacancies falling by 23% compared to the previous year. Additionally, the report shows that the average income has decreased by 4% across all sectors. Experts attribute these concerning trends to the economic downturn caused by the global pandemic. The government is now facing pressure to implement policies to stimulate job creation and economic growth.