The late Nelson Mandela's economic legacy in South Africa will be challenged as the country has yet to reduce its high unemployment rate and inequality in races.
Tags: Unemployment
Brazil real slumps to 2005 low, Bovespa erases 2014 gains
The Brazilian real on Thursday slumped to a 9-1/2-year low while the Bovespa stock index erased its 2014 gains as investors feared President Dilma Rousseff may defeat market-favorite candidate Aecio Neves in Sunday's presidential election.
U.S. jobless claims data point to firming labor market
The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.
Drop in jobless claims points to labor market strength
The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.
China final September HSBC PMI steady but risks remain
China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.
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French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
US President Barack Obama urged the House of Representatives to act quickly on the immigration reform plan.
Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.
The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.
