Connect with us

Jobs/Appointments

20 million Americans Lose Jobs in April

Published

on

ICT Jobs

By Adedapo Adesanya

About 20 million people in the United States lost their jobs in April as the country’s unemployment rate rose to 14.7 percent from just 4.4 percent in March.

Largely caused by the coronavirus pandemic that has affected the global economy, it has triggered what appears to be a financial crisis that has not been seen since the Great Depression.

The US Department of Labour announced on Friday, May 8 that the figure had further erased a 50-year unemployment low of 3.5 percent recorded in February before the US was hit by the virus.

According to reports, a decade’s worth of job gains have now been wiped out in under two months.

The latest jobs losses are the worst monthly figure on record. The closest comparison came in 1933 when unemployment hit an estimated 25 percent but that was before the US government began publishing official statistics.

This now tops a previous peak for unemployment that was at 10.8 percent in 1982 and the largest monthly job loss, close to 2 million came in September 1945 at the end of the second world war, when the country was demobilizing.

April’s job losses also easily outweigh the 800,000 jobs lost in March 2009, during the last global recession.

According to the country’s department of labour, the job losses swept across the economy and all industries suffered as a result. Leisure and hospitality lost 7.7 million jobs as the sector was hit hard by quarantine measures. 2.5 million jobs were also lost in education and health services, where dentist offices shed 503,000 people.

Further, the American retail industry lost 2.1 million jobs and manufacturing employment dropped by 1.3 million.

In a breakdown by race, unemployment for African Americans rose from 6.7 percent in March to 16.7 percent in April while for white Americans unemployment also rose from 4 percent to 14.2 percent.

By calculation, close to 6 million people in the US dropped out of the labour force during the month of April – meaning they stopped looking for work.

The labour force participation rate – which measures the percentage of the population working or looking for work – dropped 2.5 percent over the month to 60.2 percent, recording the lowest rate since January 1973.

Efforts to curb the spread of the pandemic, which has killed more than 70,000 Americans to-date, began in March. States began to introduce social distancing measures and close non-essential businesses and this resulted in more that 33 million Americans filing for first-time unemployment benefits and ended the longest running US economic expansion on record.

Even as hospitals struggled to serve a rising number of patients, health care workers suffered layoffs, too, with outpatient services like physicians and dentists’ offices cutting 1.2 million jobs in April.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Jobs/Appointments

Court Sanctions CHI Limited for Wrongful Employment Termination

Published

on

chi limited

By Modupe Gbadeyanka

The termination of the employment of one Mr Bodunrin Akinsuroju by CHI Limited has been declared as unlawful by the National Industrial Court of Nigeria.

Delivering judgment on the matter, Justice Sanda Yelwa of the Lagos Judicial Division of the court held that the sacking of Mr Akinsuroju did not comply strictly with the provisions of the contract of employment and the Employee Handbook.

Consequently, the company was directed to pay him the sum of N2 million as general damages for wrongful termination and N200,000 as costs of action, while Mr Akinsuroju was ordered to return the company’s properties in his possession or pay their assessed market value.

Justice Yelwa found that the contract agreement between both parties clearly required either party to give 30 days’ notice or payment in lieu of notice after confirmation of appointment, and there was no evidence that the employee was given the required notice or paid salary in lieu of notice.

The judge held that failure to comply with this fundamental term amounted to a breach of the contract of employment, thereby rendering the termination wrongful.

Mr Akinsuroju had claimed that the allegation of misconduct against him was unfounded and not established, maintaining that the disciplinary committee proceedings were prejudicial and that the termination of his employment was without justifiable cause and without compliance with the agreed terms of his employment.

In defence, CHI Limited contended that it had the right to terminate the employment of Mr Akinsuroju and that the termination was lawful and in accordance with the contract of employment and the Code of Conduct.

In opposition, counsel to Mr Akinsuroju submitted that the alleged breaches were not proved and that the termination letter took immediate effect without the requisite 30 days’ notice or payment in lieu of notice as stipulated in the letter of appointment and the Employee Handbook, urging the court to hold that the termination was wrongful and to grant the reliefs sought.

Continue Reading

Jobs/Appointments

Tinubu Appoints Tunji Disu as Acting Inspector General of Police

Published

on

Tunji Disu

By Modupe Gbadeyanka

President Bola Tinubu on Tuesday appointed Mr Tunji Disu as the acting Inspector General of Police (IGP), following the resignation of Mr Kayode Egbetokun.

Mr Disu, an Assistant Inspector General of Police (AIG), was recently moved to the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos.

A statement today by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the President would convene a meeting of the Nigeria Police Council shortly to formally consider the appointment of Mr Disu as substantive IGP, after which his name will be transmitted to the Senate for confirmation.

Mr Tinubu expressed confidence that Mr Disu’s experience, operational depth, and demonstrated leadership capacity would provide steady and focused direction for the Nigeria Police Force during this critical period.

He reiterated his administration’s unwavering commitment to enhancing national security, strengthening institutional capacity, and ensuring that the Nigeria Police Force remains professional, accountable, and fully equipped to discharge its constitutional responsibilities.

Mr Egbetokun was said to have resigned from the position due to pressing family considerations.

President Tinubu, who accepted the resignation letter, expressed his profound appreciation for Mr Egbetokun’s decades of distinguished service to the Nigeria Police Force and the nation. He acknowledged his dedication, professionalism, and steadfast commitment to strengthening internal security architecture during his tenure.

Appointed in June 2023, Mr Egbetokun was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act.

The statement disclosed that his replacement was in view of the current security challenges confronting the nation, and acting in accordance with extant laws and legal guidance.

Continue Reading

Jobs/Appointments

Tunji Disu to Become New IGP as Egbetokun Quits

Published

on

tunji disu new IGP

By Adedapo Adesanya

Mr Tunji Disu, an Assistant Inspector General of Police (AIG), has reportedly replaced Mr Kayode Egbetokun as the new Inspector General of Police (IGP).

Mr Egbetokun resigned from the position on Tuesday after he was said to have held a meeting with President Bola Tinubu on Monday night at the Presidential Villa in Abuja.

President Tinubu appointed Mr Egebtokun as the 22nd IGP on June 19, 2023, with his appointment confirmed by the Nigeria Police Council on October 31, 2023.

Appointed as IGP at the age of 58, Mr Egbetokun was due for retirement on September 4, 2024, upon reaching the mandatory age of 60, but his tenure was extended by the President, creating controversies, which trailed him until his exit from the force today.

Although the police authorities are yet to comment on the matter or issue an official statement about his resignation, the move came amid reports suggesting that Mr Egbetokun has left the position.

Mr Egbetokun’s tenure was marred by a series of controversies; he recently initiated multiple charges against activist Mr Omoyele Sowore and his publication, SaharaReporters, after Mr Sowore publicly described him as an “illegal IGP.”

The dispute escalated into protracted legal battles, with the Federal High Court issuing injunctions restricting further publications relating to the former police chief and members of his family. Critics interpreted these court actions as attempts to stifle dissent and weaken press freedom.

His replacement, Mr Disu, was posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, some days ago.

Continue Reading

Trending