US job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing
The US employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
Turkey’s economy grew 5.9 per cent in the fourth quarter and 1.8 per cent in 2020 as a whole, annual data showed on Monday, emerging as one of only a few globally to avoid a contraction due to the pandemic.
The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week as economic activity rebounds after weather-related disruptions in February.
In a fresh study, the UN's International Labour Organisation (ILO) found that a full 8.8 per cent of global working hours were lost in 2020, compared to the fourth quarter of 2019.
Canada lost far more jobs than expected in January, with the declines driven by coronavirus lockdowns in populous Ontario and Quebec, while the unemployment rate rose sharply, Statistics Canada data showed.
“Additionally, there is a clear shift in the skill sets being sought by hiring managers, with an uptick in demand for ‘soft’ skills such as agility, creativity and communication alongside core technical competencies in order for personnel to have the optimal attributes needed to navigate what remains a very challenging business climate.”
Suddenly faced with an overwhelmingly remote workforce, business leaders now need to adapt fast to remain secure and resilient, whilst employees are using this moment of change as an opportunity to reassess yesterday’s priorities, and plan a future around what really matters to them. And as work and home lives are transformed, it’s employees who now see themselves in the driving seat.
Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, Chancellor of the Exchequer (Finance Minister) Rishi Sunak said on Tuesday.