Unemployment

UK unemployment rate unexpectedly drops to 4.0%, wage inflation Slows

UK employment rose 42,000 in the 2Q18, compared to the 93,000 expected.<p>The claimant count rose 6,200 in July from 9,000 in the three months to June, …

Business

UK jobless rate falls to new 43-year-low, but pay growth weakens

© Reuters. Construction workers work on a site in London<p>By Andy Bruce and David Milliken<p>LONDON (Reuters) - Britain's unemployment rate fell to its …

Employment

Real wage growth flatlines but unemployment drops to 43-year low at 4pc

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Unemployment

Oregon's unemployment lowest in 42 years

PORTLAND, OR (AP) -<p>Oregon says its unemployment rate for July was the lowest in 42 years of keeping comparable records.<p>The state reported Tuesday …

Oregon

Macron Waits to Reap Clear Benefits From Labor Overhauls: Chart

Emmanuel Macron has slashed taxes and rewired France’s complex labor code since taking office in May last year, but bringing down unemployment is a …

Emmanuel Macron

Oregon unemployment hits another record low as pace of hiring picks up

Oregon's labor market is growing faster than economists believed, with the jobless rate hitting another record low in July.<p>The monthly unemployment …

Labor Economics

Kudlow: Economy will help GOP keep its grip on House

NEW YORK — Larry Kudlow, President Donald Trump’s top economic adviser, says Republicans will hold the House this fall and the economy will be a big reason why.<p>“These are very good times and the midterms will be a report card on that,” Kudlow, the director of the National Economic Council, said in …

Politics

UK pay growth edges down despite lowest jobless rate since ‘75 | Financial Times

Growth in average pay came in lower than analysts expected during the three months to the end of June, despite a fall in the jobless rate to the …

Employment

Despite Drop in Black Unemployment, Significant Disparities Remain

Fourteen states had black unemployment rates above 6 percent at a time when the national unemployment rate was 4 percent in June, according to a new …

Income Inequality

4 Reasons Why Millions Of Americans Are Leaving The Workforce

The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. …

Demographics

Pay Raises Expected To Accelerate For Most U.S. Workers

Things are looking up for U.S. workers. Employers predict that they will be granting larger pay raises in 2019 than they awarded this year, according …

Business

Puerto Rican Government’s Recovery Plan Envisions More Austerity Ahead

Share<p>Tweet<p>Email<p>Share<p>August 9, 2018; New York Times<p>In a “discovery” that should surprise no one, Frances Robles in the <i>New York Times</i> reports that, …

Caribbean

Productivity and wages: What’s the connection?

When economists tick off the reasons for our current wage problems, we usually include “slow productivity growth” on the list. Well, somebody asked me the reasonable question: Why should that matter?<p>Productivity, or output per hour, is growing slowly, but it’s still up, so why should it explain …

Income Inequality

The biggest policy mistake of the last decade

In the great economic battle of the past decade, the winner is the tried and true — in a rout.<p>After the 2008 financial crisis, old-fashioned …

Economics

China Growth Momentum Stalls as Trade War Turns Real for Economy

China’s economy fell short of expectations in July as a deepening trade war clouds the outlook.<p>Industrial output rose 6 percent in July from a year …

Business

Unemployment hits new 43-year low but stumbling pay growth reveals extent of productivity crisis

Unemployment dropped to its lowest level in more than 40 years in June as the rebounding economy created tens of thousands of new jobs.<p>The jobless rate fell to 4pc in the three months to June, the Office for National Statistics said, down from 4.2pc in the previous three-month period.<p>The number of …

Business

French unemployment dropping too slowly for Macron government

French unemployment dipped by 0.1 percent in the second quarter, provisional figures showed Tuesday -- frustratingly slow progress for President …

France

U.K. unemployment falls to 43-year low

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ETFs

How tax policy can help China fight trade war

What could Beijing do to offset the adverse impact of the escalating US-China trade war?<p>Fighting back with tariff hikes or limiting the damage by …

News (Hong Kong)

Mixed U.K. Jobs Data Overshadowed By Brexit For BoE

<i>By James Smith, Developed Markets Economist</i><p><i>A further fall in UK wage growth is unlikely to faze the Bank of England too much at this stage. But with</i> …

Business

U.S. Jobless Claims Fell Last Week

Initial claims declined by 6,000 to a seasonally adjusted 213,000<p>WASHINGTON—The number of Americans filing applications for new unemployment benefits fell last week, continuing to hover near historic lows.<p>Initial jobless claims, a proxy for layoffs across the U.S., declined by 6,000 to a seasonally …

Jobless Claims

What Employers Need to Know About the Illinois Secure Choice Mandatory Retirement Savings Program

Article ByJoy Napier-JoyceJoshua RafskyKathryn W. WheelerJackson Lewis P.C.Benefits Law Advisor BlogEmployers in Illinois with at least 25 employees …

Retirement

UK unemployment falls to new four-decade low

The British unemployment rate fell to its lowest in more than 40 years in the second quarter, continuing the extraordinary run for the UK labour …

Business (UK)

Railroads Duck Massachusetts Paid Sick Leave Law (1) (1)

Massachusetts can’t apply its paid sick leave law to railroad employees who are protected by a federal unemployment insurance program, according to a …

Judiciary

Virginia forms task force to block worker misclassification

RICHMOND, Va. (AP) - Gov. Ralph Northam has signed an executive order establishing a task force to come up with a plan to prevent worker …

Income Tax

Unemployment in New York City is at a historic low, controller's office says

Unemployment in New York City is at a record low, according to a new economic report from Controller Scott Stringer.<p>The unemployment rate fell to …

New York City

Do work requirements for federal assistance help people escape poverty? No. Here’s what really happens.

Last month, the Trump administration reopened its effort to allow Kentucky to require low-income citizens to work in exchange for health-care coverage — part of its larger goal of imposing work requirements nationwide for all kinds of benefits, including assistance buying food. The Kentucky effort …

Income Inequality

Japan's labour crunch is reshaping how companies attract workers

(This Aug 1 story cuts erroneous information in 17th paragraph.)<p>FILE PHOTO: Office workers are reflected in a glass railing as they cross a street during lunch hour in Tokyo June 1, 2015. REUTERS/Thomas Peter/File Photo<p>By Stanley White and Naomi Tajitsu<p>TOKYO (Reuters) - Misaki Harada wants to quit …

Employment

Real Swiss jobless rate double official figure: report

There was more good news about the Swiss job market in July with the official unemployment rate coming in at a healthy 2.4 percent, according to the …

Switzerland

Flash-Bang Grenades | Enough Iz Enough | Teen Summer Jobs

After a temporary suspension by the Portland Police, we talk about flash-bang grenades. We also hear about an outreach group on the Umatilla Indian …

Employment