Now playing Next Europe News EU aims to cushion furloughed workers with unemployment scheme The EU announced a scheme earlier this year aimed at assisting furloughed workers during the pandemic and now money is beginning to be allocated to member states in need. 03/09/2020
Now playing Next France France unveils 'historic' €100 billion package to boost sick economy The French economy shrank by a massive 13.8 per cent in the three months to June as lockdown measures to curb the spread of COVID-19 hit hard. 03/09/2020
Now playing Next United Kingdom UK reports highest number of quarterly job losses since 2009 recession Employment fell by 220,000 between April and June, the biggest three-month decline in the UK since the global financial crisis. 11/08/2020
Now playing Next Spain A million people lost their jobs in Spain in three months, data shows Spain's National Statistics Institute said 1,074,000 jobs were lost between the start of April and the end of June. 29/07/2020
Now playing Next Economy Which companies in Europe are cutting jobs because of COVID-19? About 397,000 people in the European Union lost their jobs in April, according to data from the EU's stats agency, 24/07/2020
Now playing Next United Kingdom COVID-19: 649,000 fewer people employed in UK since lockdown began Official figures from the Office of National Statistics (ONS) show record-breaking economic inactivity in the UK with 649,000 fewer workers on payrolls. 16/07/2020
Now playing Next Real Economy European Union revamps Europass to get people working IN PARTNERSHIP WITH THE EUROPEAN COMMISSION Covid-19 has disproportionately affected young and seasonal workers. The EU has recently revamped Europass, a tool that can help people in their search for work 15/07/2020
Now playing Next Israel Israel: Tel Aviv protest targets Netanyahu over COVID-19 economic aid Protesters accuse the Israeli prime minister of failing to address economic woes brought on by the coronavirus pandemic. 12/07/2020
Now playing Next Portugal Portugal: UK COVID-19 quarantine restriction hits Algarve tourism Industry analysts say only about a third of the usual number of tourists will visit Portugal's Algarve region this summer. 11/07/2020
Now playing Next world news Jobless rate to hit record this year in richest economies, says OECD The average unemployment rate across the OECD is forecast to reach 9.4 per cent at the end of 2020, and remain stubbornly high at 7.7 per cent in 2021. 07/07/2020
Now playing Next United Kingdom Coronavirus: 1.6m people in the UK now claiming unemployment benefit There are fewer jobs available in Britain than when records began. 16/06/2020
Now playing Next world news COVID-19 having 'disproportionate' impact on young workers, warns ILO More than one in six young people have been forced to stop working since the pandemic began, the UN's International Labour Organisation has highlighted, warning it "make it much more difficult to rebuild a better, post-COVID economy". 28/05/2020
Now playing Next state of the union Europe's week: Recovery, risk and US-China relations Paris and Berlin teamed up to present their post-pandemic financial recovery plans for Europe, but not everyone was cheering Macron and Merkel. 22/05/2020
Now playing Next Spain Hunger queues form in Madrid in wake of COVID-19 lockdown Tens of thousands of people in the Spanish capital are now turning to food banks and neighbourhood associations to cushion the economic blow of lockdown. 18/05/2020
Now playing Next world news Is more working from home going to be a lockdown legacy? Nearly four-in-10 people in the EU began working from home as a result of the COVID-19 pandemic. Will they stay away from the office, permanently? 15/05/2020
Now playing Next world news Ryanair to cut up to 3,000 jobs and close bases in Europe Michael O'Leary, Chief Executive Officer of Ryanair, said he regretted the cuts and singled out "manifestly unfair" rules put in place by the French government on airport taxes. 01/05/2020
Now playing Next world news World economy 'unlikely to recover to pre-pandemic levels before 2022' The world economy is unlikely to return to pre-pandemic levels before 2022 at the earliest, the Dutch banking group ING has warned. 30/04/2020
Now playing Next world news Nearly half of world’s workers risk losing their livelihoods, says ILO The ILO estimates that 1.6 billion people are in “severe danger” of losing between 60 and 80 per cent of their income 29/04/2020
Now playing Next Spain Spain's poorest are being punished by the coronavirus crisis Thousands have lost all income and aid organisations are overwhelmed as lines at food banks have tripled. 28/04/2020
Now playing Next Real Economy EU's 100 billion euro scheme to tackle coronavirus unemployment IN PARTNERSHIP WITH THE EUROPEAN COMMISSION With unemployment surging across Europe and worldwide, will the EU's SURE scheme (Support to mitigate Unemployment Risks in an Emergency) help avoid another pandemic - joblessness - once the COVID-19 emergency has receded? 22/04/2020