The unemployment rate unexpectedly held at 3.9% but that reflected an increase in people who had given up looking for work and who were therefore not considered to be unemployed, and people who said they were in work but were getting no pay.
“The downturn is far from over, especially as COVID cases rise around the country,” said Andrew Challenger, senior vice president at Challenger, Gray. “Consumers are buying fewer goods and services, businesses are closing, and bankruptcies are rising.”
Loss of jobs and wealth inequality due to automation are issues of concern to some while on the other hand, new industries and jobs in the technology sector outweigh the economic effects of workers being displaced by automation according to World Bank. James Kanyangi, Group Head of Robotic Process Automation at Technobrain joins CNBC Africa for more.
Rwanda Cycling Federation (Ferwacy) partnered with GIZ, a German development agency, to create ‘Ride Rwanda’, a cycling event to promote Rwandan inbound tourism, especially to the Kivu-Belt Region. CNBC Africa spoke with Rene Nkurunziza, Ferwacy’s Ride Rwanda Coordinator to look at the jobs and business opportunity creation in Kivu Belt through sports tourism development.
The potential to work for a company from anywhere in the world has never been greater. According to a report from the Society for Human Resources Management, 69% of organizations allowed employees to work from home at least some of the time in 2019 — more than three times the share of companies who allowed telecommuting 20 years ago.
These 5 high-paying, growing jobs didn’t exist a decade ago—but they’ll be booming through the 2020s
The 2010s kicked off a decade of uncertainty within the job market. Many sectors were still dealing with the aftermath of the Great Recession, the national unemployment rate sat at 9.7%, the class of 2010 graduated into the worst job market in a generation, and by the summer of 2010, more than a million job seekers quit looking for employment. However, now at the close of the decade, the job market has markedly improved for most workers. That’s especially true for those in the technology space.