Riot Aftermath: 6,000 Jobs Vanish in Devastating Three-Month Jobs Collapse

Riot Aftermath: 6,000 Jobs Vanish in Devastating Three-Month Jobs Collapse

2024-10-07 14:46:23
Riot Aftermath: 6,000 Jobs Vanish in Devastating Three-Month Jobs Collapse

In New Caledonia, the riots also have economic consequences. The Institute of Statistics and Economic Studies (Isee) of the archipelago published this Monday the first official unemployment figures since the start of the unrest. In an economic report established from data available as of August 31, Isee estimates that there have been 6,000 fewer private sector employees since the start of the revolt linked to the thaw of the electorate on May 13, which saw the destruction of a large part of the economic fabric of Nouméa.

Although it specifies that these figures must still be consolidated, Isee adds that in August, “4,929 people deprived of employment received total unemployment compensation, or 7.4% of the salaried workforce in March”. Isee also calculates that “19,330 people were supported under partial unemployment, or 29% of the pre-crisis workforce”.

Food prices are rising

According to the statistics institute, no less than half of the companies in the French territory of the South Pacific have requested partial unemployment due to the abuses. This surge in precariousness is accompanied by an increase in prices, which “weaken” the most modest households, underlines Isee. Between May and August, the food price index increased by 4.3%.

New Caledonia is already considered the champion of the cost of living among the overseas departments, regions and communities (DROM-COM) with a price gap of more than 30% with the mainland in 2022, according to the Isee. Another notable point, Isee shows the collapse of mining and metallurgical production of nickel, the main natural resource of the archipelago. In August, extraction reached 545,770 tonnes compared to 1.8 million in August 2023. Over the first nine months of the year, it amounted to 5.3 million tonnes compared to 13.2 million tonnes over the same period. period last year.

1728351607
#jobs #lost #due #riots

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.