Associate Professor Daniel Goh, associate provost for undergraduate education at the National University of Singapore and a former Non-constituency Member of Parliament, said the policies sought to foster inclusive growth, continuing a trajectory set by Senior Minister Lee Hsien Loong when he was Prime Minister and President Tharman Shanmugaratnam when he was in Cabinet. A … Read more
The number of Americans filing new applications for unemployment benefits fell last week — surprising economists and boosting hopes that the Federal Reserve will finally start cutting interest rates next month. The Labor Department said initial claims for state unemployment benefits dropped to a seasonally adjusted 227,000 for the week ended Aug. 10, missing economists’ … Read more
Léa Paquette’s graduation gala in April was awkward to say the least. Recent 3D-animation graduates dressed to the nines, mingled in a room of industry professionals in downtown Montreal, exchanging LinkedIn profiles and polite smiles while everyone desperately tried to ignore the CGI elephant in the room: there’s no work. When they got into school, … Read more
Joe Swanson, a resident of Perry, Iowa, is no longer working in the town he loves and where his kids go to school. That’s because the city’s largest employer, a Tyson Foods pork plant, recently shut down. Swanson says when the company announced in March they were shuttering the plant, he couldn’t risk unemployment because … Read more
“They normally say, well, this is not an issue for us … then three to six months later, we all find out that we cannot escape,” ING’s Brzeski said. A U.S. recession would make the European Central Bank’s already “too optimistic” forecast for growth “obsolete,” he said. But, he said, if ECB chief Christine Lagarde … 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
More From Charles Gasparino Could an economic “Black Swan” of a recession upend the November election? Even before Friday’s shockingly worrisome jobs report (unemployment ticking up to 4.3%, a slowdown in hiring followed by a 610-point drop in the Dow) that’s what some savvy market analysts and economists told me could be happening. They see … Read more
The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor market, though claims tend to be volatile around this time of the year. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, … Read more
New Delhi: Labour minister Mansukh Mandaviya told Parliament on Monday that the applications of artificial intelligence (AI) will not lead to loss of jobs in India and said that, on the contrary, this new technology will open up new job opportunities.Responding to a question by Kalyan Banerjee (All India Trinamool Congress) in the Lok Sabha … Read more
