SEARCH

Entries in Unemployment (3)

Tuesday
Dec272011

Unemployment Rampant, Georgia Turns to...Reality TV?

Hemera/Thinkstock(TBILISI, Georgia) -- Governments worldwide are working to create jobs and the Georgian government has a new approach: reality television.

Literally titled “Employ and Get Employed,” the reality TV show is fast becoming a primetime favorite in the ex-Soviet country, the Wall Street Journal reports. American Idol meets The Apprentice as unemployed workers and aspiring entrepreneurs pitch business plans to a panel of judges which includes bank executives and political players.

Georgia's official unemployment rate in September stood at 15.5 percent.

Copyright 2011 ABC News Radio

Friday
Jan142011

Tunisia: Thousands Hit Streets to Protest Unemployment, Corruption

Photo Courtesy - FETHI BELAID/AFP/Getty Images(TUNIS, Tunisia) -- Tunisia has been rocked by protests that have apparently forced longtime leader Zine Al Abedine Ben Ali to step down. There are unconfirmed reports by state media that he has fled the country, and the nation's prime minister said he is now in control.

Rioters took to the streets protesting unemployment and rising food prices. The situation escalated into chaos. Police clashed with rioters, some of whom climbed the walls of the Interior Ministry, reportedly the site of torture for years.

Reading a statement on television, Tunisia's prime minister, Mohammed Ghannouchi, announced he would take over the position of president as Ben Ali "cannot practice his authorities."

The government reports at least 23 people have been killed in the rioting, but opposition members said the death toll could be triple that. On Friday, Air France, one of the main airlines serving the country, said it suspended flights to Tunisia following the closure of its airspace.

The whistleblower Web site WikiLeaks is credited with stirring the anger of the Tunisian people. Users of Facebook and other social networking sites spread comments about U.S. diplomatic cables released by WikiLeaks which described corruption in Tunisia, and called the country a "police state."

Copyright 2011 ABC News Radio

Tuesday
Nov302010

Eurozone Faces Record Unemployment

Photo Courtesy -- Getty Images(BRUSSELS, Belgium) – Eurozone unemployment rose in October to reach a record 10.1 percent, a larger-than-expected increase, reports the Financial Times.

Economists now believe that unemployment could remain at that level for another year, despite earlier expectations that it would drop in the second half of 2010.

At the same time, however, unemployment figures in Europe’s largest economy are on the decline and have reached their lowest level in 18 years. Germany’s domestic unemployment fell to 7.5 percent, according to figures released Tuesday.

The stark contrast may be due to Germany’s strong labor market as short-work schemes have kept workers on duty.

Copyright 2010 ABC News Radio







ABC News Radio