South Africa imposed a strict coronavirus lockdown at the end of March, squeezing businesses and consumers, and saw economic output record its largest contraction ever in the second quarter.
Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."
The figures released on Thursday showed the increase in unemployment numbers has slowed sharply.
Greater Lisbon, also missing its usual droves of visitors and struggling to repair its image after a persistently high infections tally across June and July.
As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.
There is also a massive hike in unemployment – the Employment Index stands at -86.95 compared to 57.14 in Q1 and confidence is at an all-time low in Q2 at -78.26 compared with -28.57 in Q1.
The ministry informed that the country’ s GDP growth prior to the outbreak of COVID pandemic the pandemic was expected to be 3.24pc, which has reduced to a negative 0.4pc during the ongoing fiscal year.