The unemployment rate in Organisation for Economic Co-operation and Development (OECD) countries declined to 6.5 per cent in March from 6.6 per cent in February, as the global economic outlook improved amid the vaccination drive.
Overall, 42.65 million people remained unemployed in the OECD, which includes countries in the eurozone as well as the US, Australia, New Zealand, Japan, South Korea, the UK, Mexico and Canada, among others.
The jobless rate remained 1.2 per cent above the rate recorded in February last year, before the pandemic affected the labour market.
“In March, a marginal decline of the unemployment rate was also observed in the euro area – to 8.1 per cent, from 8.2 per cent in February 2021 – where the largest falls were registered in Finland to 7.7 per cent, Lithuania to 8.9 per cent, Portugal to 6.5 per cent and Spain to 15.3 per cent,” the OECD said.
In April, the International Monetary Fund raised its global economic forecast for the second time this year, thanks to faster-than-expected Covid-19 vaccination programmes and fiscal and monetary support provided by governments and central banks.
The global economy is now set to grow by 6 per cent this year, compared with a previous forecast of 5.5 per cent, the Washington-based lender said in its latest World Economic Outlook. However, it warned policymakers about an uneven recovery as richer countries rebound faster from the crisis.
The more positive outlook comes after the start of the coronavirus pandemic disrupted global trade and pummelled air travel across the world.
The unemployment rate also fell in most countries outside Europe in March, dropping to 7.5 per cent in Canada, 12.8 per cent in Colombia, 2.6 per cent in Japan, 5.6 per cent in Australia and 6 per cent in the US.
However, the jobless rose to 5.4 per cent in Israel, despite its rapid vaccination roll-out, and more recent data indicates that unemployment is also set to rise in April in Canada and the US, increasing to 8.1 per cent and 6.1 per cent respectively.
The OECD’s youth unemployment rate also decreased further in March, falling to 13.3 per cent for 15 to 24 year olds from 13.6 per cent in February. However, that is still 2 per cent above the pre-pandemic level recorded in February last year.
More on employment
BoE: UK economy to grow 7.25% in 2021 as Covid curbs ease
Half of 813,000 British jobs lost in Covid pandemic linked to under 25s
Taxes on employee salaries in OECD-member countries hit a 12-year low
MATCH INFO
Uefa Champions League quarter-final, second leg (first-leg score)
Porto (0) v Liverpool (2), Wednesday, 11pm UAE
Match is on BeIN Sports
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UAE currency: the story behind the money in your pockets
Getting there
The flights
Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.
The stay
Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net
Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama
Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com
Killing of Qassem Suleimani
SPEC%20SHEET
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Killing of Qassem Suleimani
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%3Cp%3EAl%20Khayma%0D%3Cbr%3EBait%20Maryam%0D%3Cbr%3EBrasserie%20Boulud%0D%3Cbr%3EFi'lia%0D%3Cbr%3Efolly%0D%3Cbr%3EGoldfish%0D%3Cbr%3EIbn%20AlBahr%0D%3Cbr%3EIndya%20by%20Vineet%0D%3Cbr%3EKinoya%0D%3Cbr%3ENinive%0D%3Cbr%3EOrfali%20Bros%0D%3Cbr%3EReif%20Japanese%20Kushiyaki%0D%3Cbr%3EShabestan%0D%3Cbr%3ETeible%3C%2Fp%3E%0A
The five pillars of Islam
Mohammed bin Zayed Majlis
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
The biog
Age: 46
Number of Children: Four
Hobby: Reading history books
Loves: Sports
Killing of Qassem Suleimani
More from Neighbourhood Watch:
Zayed Sustainability Prize
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Results
7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)
7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash
8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel
8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel
9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel
9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar
10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri
The years Ramadan fell in May
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
Killing of Qassem Suleimani
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
