America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. Last month’s hiring growth was up considerably from a meager gain of 36,000 jobs in October. The government also revised up its estimate of job growth … Read more
U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to hire more workers. The historically low … Read more
Shenzhen-based software developer Peter Li was laid off from a leading internet company last month – his first job since graduating from university – after failing to meet department performance targets. He joins a growing group of young victims of China’s grim job market. While the 24-year-old expects to find another job eventually, Li said … Read more
The U.S. Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. “The committee has gained greater confidence that inflation is … Read more
Job hunting in today’s labour market can be overwhelming, with many candidates vying for the same positions. Whether you’re a seasoned professional or just starting your career, standing out in this competitive landscape can be challenging. However, a recent report highlights the growing competition across the U.S. and reveals which states are the most and … Read more
In the last of a four-part series on China’s universities and campus life, Alcott Wei investigates why army life has become an attractive option for many of the country’s young people in their quest for a university degree. Read the third part here. For Alan Yuan, joining China’s military wasn’t so much about the lofty … Read more
Dr Hema Bajaj, Head faculty, MBA – HR, NMIMS, Ruhie Pande, Group CHRO, Sterlite Power, Amit Das, NOVO Nordisk India, Dr Suryanarayan G Iyer, Head, Human Capital Management Cloud Solution Engineering Team, Oracle India at the BSmart HR Conclave 4 min read Last Updated : Aug 28 2024 | 6:12 PM IST Artificial intelligence (AI), automation, … Read more
Prime Minister Justin Trudeau announced Monday the federal government will reduce the number of temporary foreign workers in Canada after a historic surge that some experts say has fuelled unemployment among immigrants and young people. Trudeau also said the government is considering a reduction to the number of permanent residents Canada accepts each year — a potentially major policy … Read more
Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. … Read more
The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack … Read more
