Labor Economics

STEM Skills Alone Won't Solve Canada's Innovation Problem

Innovation seems to be Canada's newest buzzword. There are high hopes that Canada can turn into a leading innovator in the global economy, and lately …

Innovation

Brexit transition should include access to EU workers, says senior minister

LONDON (Reuters) - British firms should have access to European Union workers during a post-Brexit transitional period, a senior minister said on Friday following reports of a cabinet agreement that the EU's free movement rules could continue to apply for up to two years.<p>Concerns over immigration …

Brexit

BOJ blames Japan's unique labour practice for low wages, inflation

TOKYO (Reuters) - A gap in pay and working conditions between temporary and permanent employees is preventing a tightening job market from pushing up overall wages and inflation, the Bank of Japan said in a rare analysis of the country's job market.<p>Wages for temporary workers are "clearly on the …

Employment

“Potential” output forecasts are actually worthless

Towards the end of 2000, at the peak of America’s irrational exuberance, staff economists at the Federal Reserve Board presented the following …

Business

Mass. Adds 10,000 Jobs In June; Unemployment Rate Ticks Up To 4.3 Percent

Support the news<p>Influenced by a growing labor market, the unemployment rate in Massachusetts has climbed more than a full point since the start of …

Unemployment

Full-time jobs are coming back in Australia but economists say time is not ripe for a rate hike

Full-time jobs are coming back to Australia, resulting to an increased labour market. It is a relief to the Reserve Bank of Australia (RBA), which …

Reserve Bank of Australia

Trump once called the jobs report 'one of the biggest hoaxes in modern politics' — now he accepts 'those numbers very proudly'

President Donald Trump on Wednesday said he had seen the light when it comes to the US's official unemployment and jobs numbers.<p>For years, Trump attacked the Bureau of Labor Statistics' reports on the US labor market, but now that he is in charge he's singing a different tune.<p>Here's what Trump said …

Donald Trump

US weekly jobless claims total 233,000 vs 245,000 estimate

First-time claims for state unemployment benefits were seen totaling 245,000 in the most recent week, down slightly from the 247,000 claims reported …

Jobless Claims

The Immigration Effect: There's a Way for President Trump to Boost the Economy by Four Percent, But He Probably Won't Like It

“Immigration is a great economic policy opportunity and it’s important to document the impact of that,” said Douglas Holtz-Eakin, an economist who …

Economics

US Weekly Jobless Claims Down Again To 5 Year Low

Just another brick in the wall of our statistics showing that the US economy is chugging along nicely, this time with the weekly jobless figures which have dropped again to a 5 year low. As I’ve noted before the number of people claiming unemployment insurance or the first time in any one week …

Opinion

Illinois unemployment rate up slightly despite job growth

Illinois job growth is on the upswing, but the unemployment rate rose slightly to 4.7 percent in June and the size of the labor force continues to decline.<p>The state added 8,600 jobs in June, including 900 in manufacturing. Most of the growth was in professional and business services, leisure and …

Unemployment

False alarm on new RBA 'normal' rate as jobs surge continues

The Reserve Bank of Australia's discussion at this month's board meeting about how a cash rate of 3.5 per cent may be the new "normal" was part of a …

Reserve Bank of Australia

News Highlights: Top Global Markets News of the Day

Investors Brace for Clues on ECB's Tapering Plans<p>Financial markets seesawed last month after ECB President Mario Draghi signaled that the bank might soon scale back its $70 billion a month bond-buying program. He has a chance to expand on that idea on Thursday.<p>Bank of Japan Delays Inflation Target …

Markets

HERE COMES AUSTRALIA'S JOBS REPORT...

Photo by Cameron Spencer/Getty Images<p>Australia’s jobs report for June is about to be released.<p>Economists expect employment to increase by 15,000 …

South Australia

Unemployment holds steady at 5.6pc

The unemployment rate has remained steady at 5.6 per cent due to the creation of 14,000 jobs in June, with full-time employment dominating.<p>The Bureau …

Economics

Americans Are Choosing Paid Jobs Over Family Caregiving

More<p>More Americans are opting to earn a paycheck rather than staying home to care for family members, and it's helped to arrest a long-run decline in …

United States

Labor economics guru Andrew Leigh snuffs his tax break stats

And so we are moved to return to one of our favourites, the bulging and ever-impressive economics brain of <b>Andrew Leigh,</b> the man who – terrifyingly …

Employment

There are still a lot of hurdles to clear before the RBA can look seriously at lifting rates

Photo: Martin Bernetti / AFP /Getty Images<p>The Australian economy is looking in good shape.<p>Lead indicators such as business confidence, job ads and …

Employment

Macron Wins IMF Backing for ‘Ambitious’ Plans to Reform France - Bloomberg

President Emmanuel Macron won support from the International Monetary Fund for his strategy of labor market reform and deficit cutting.<p>“The …

Business

5 surprising facts about "Made in America"

Manufacturing in the U.S. isn't as dead as President Trump claims -- but it is changing beyond recognition

Manufacturing

The Biggest Loser From Full Employment? Government

Unemployment is low. State and local budgets are tight. Expect shortages of public servants.<p>There’s room to quibble about whether the U.S. has reached “full employment.” Yes, the unemployment rate is and has been low. But labor-force participation remains subdued, and some measures of wage growth …

Full Employment

Will the death of US retail be the next big short?

For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest …

Trends

Australian dollar soars to two-year high after Reserve Bank’s upbeat note

THE Australian dollar has surged to its highest level in more than two years after the Reserve Bank of Australia issued an upbeat assessment of the …

Australian Dollar

German organization prepares refugees to care for the elderly

Germany is facing a lack of medical care personnel for its aging population. One vocational school hopes to equip refugees with the skills to tackle …

Refugees

Op-Ed: The Fed is doing good work — the economic policy problems are elsewhere

The American monetary authority is holding the economy and the financial system in a reasonably good shape in an environment of price stability. That …

Republican Party

Give us grassroots innovation

Our political instability comes from economic challenges that have only grown stronger over recent decades: wage stagnation, an alarming rise of …

Social Justice

Workforce would shrink without migrants: study

As debate rages over the number of foreign workers in Australia, a new study has shown the impact migration has had on Australia's workforce.

University of Melbourne

States look to ex-cons to relieve labor shortages

South Carolina's unemployment rate is at such historic lows that the state's employers are complaining of labor shortages, reports Charleston's The …

United States

CPI Release: Cloud Over Fed's Hiking Projections

CPI disappointed markets for the fourth consecutive month.<p>Fed Chair Yellen said that core inflation movements will be the main driver of further …

Inflation

Turkish unemployment rate falls to 10.5 pct in April

Turkey’s unemployment rate declined to 10.5 percent in the April period, which covered data from March to May

Unemployment