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
German unemployment rose more than expected in December, according to figures released on Friday, adding to signs that weakness in the manufacturing sector is hurting the labour market in Europe’s biggest economy.
“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.
Australia pledged billions in tax cuts and measures to boost jobs on Tuesday to help pull the economy out of its historic COVID-19 slump in a budget that tips the country into its deepest deficit on record.
"Of an estimated 300,000 Sri Lankans here, less than ten per cent of them — around 25,000 — had registered with the Sri Lankan diplomatic missions a few months ago for repatriation. Now, many of them do not want to go as they have started getting new jobs after the economy opened up here," Malraj De Silva, the Sri Lankan Ambassador to the UAE, said.
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.