#labour-market

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#unemployment

UK wage growth slows to two-year low amid cooling labour market

UK wage growth slows to 5.7% in May, slowest in two years, potential Bank of England interest rate cut.
Slowdown in job market evident with decline in vacancies and slight drop in employment rate.

UK jobs market in spotlight after Reeves's tax rises on employers

The unemployment rate has risen slightly, and the labour market may be cooling due to economic changes.

There is 'tentative signs that the jobs market is cooling'

The UK's unemployment rate rose to 4.3%, the highest in almost a year.

UK wage growth cools further, keeping the Bank of England on track - London Business News | Londonlovesbusiness.com

UK wage growth shows slight improvement, supporting gradual rate cuts by the Bank of England.

UK wage growth slows to two-year low amid cooling labour market

UK wage growth slows to 5.7% in May, slowest in two years, potential Bank of England interest rate cut.
Slowdown in job market evident with decline in vacancies and slight drop in employment rate.

UK jobs market in spotlight after Reeves's tax rises on employers

The unemployment rate has risen slightly, and the labour market may be cooling due to economic changes.

There is 'tentative signs that the jobs market is cooling'

The UK's unemployment rate rose to 4.3%, the highest in almost a year.

UK wage growth cools further, keeping the Bank of England on track - London Business News | Londonlovesbusiness.com

UK wage growth shows slight improvement, supporting gradual rate cuts by the Bank of England.
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from www.theguardian.com
1 week ago

AI may displace 3m jobs but long-term losses relatively modest', says thinktank

AI could displace 1m to 3m jobs in the UK, but new roles will arise, leading to low unemployment growth.
#canada

Minimum wage for higher-paid temporary foreign workers set to increase | CBC News

The federal government is raising the minimum wage for temporary foreign workers to encourage Canadian hiring.

Two 14-year-old boys charged in connection with stabbing of teenager at Don Mills subway station

The senior population in Canada is growing, which will lead to more Canadians leaving the workforce than entering it.
This trend could worsen labour shortages and increase wages for employees.

Minimum wage for higher-paid temporary foreign workers set to increase | CBC News

The federal government is raising the minimum wage for temporary foreign workers to encourage Canadian hiring.

Two 14-year-old boys charged in connection with stabbing of teenager at Don Mills subway station

The senior population in Canada is growing, which will lead to more Canadians leaving the workforce than entering it.
This trend could worsen labour shortages and increase wages for employees.
morecanada
#interest-rates

Consumer confidence rises as inflation eases

UK consumer confidence has improved in October, nearing a 37-month high.

Bank of England likely to cut interest rates next month - London Business News | Londonlovesbusiness.com

Wage growth at its lowest in four years likely prompts Bank of England interest rate cut.

UK unemployment reaches 4.4%, fastest of OECD countries - London Business News | Londonlovesbusiness.com

UK unemployment rate at 4.4% with rising trend, impacting interest rate cuts and general elections.

Pace of earnings is not consistent with Bank of England's inflation target

Headline unemployment increased to 4.3% in the UK, with concerns over data accuracy. Pay growth at 5.7% YoY may impact inflation persistence and interest rate decisions.

Consumer confidence rises as inflation eases

UK consumer confidence has improved in October, nearing a 37-month high.

Bank of England likely to cut interest rates next month - London Business News | Londonlovesbusiness.com

Wage growth at its lowest in four years likely prompts Bank of England interest rate cut.

UK unemployment reaches 4.4%, fastest of OECD countries - London Business News | Londonlovesbusiness.com

UK unemployment rate at 4.4% with rising trend, impacting interest rate cuts and general elections.

Pace of earnings is not consistent with Bank of England's inflation target

Headline unemployment increased to 4.3% in the UK, with concerns over data accuracy. Pay growth at 5.7% YoY may impact inflation persistence and interest rate decisions.
moreinterest-rates
#immigration

'Taxes and no dual-national MPs': Switzerland's anti-foreigner proposals explained

Swiss politicians are considering measures to limit foreign workers despite their economic contributions.
The Liberal Radical Party proposes an immigration tax, while the Swiss People's Party suggests a residence tax for foreigners.

Fact check: Do Switzerland's foreign workers really 'steal' Swiss jobs?

Foreigners in Switzerland play a crucial role in the labor market, particularly in sectors that locals often avoid.

'Taxes and no dual-national MPs': Switzerland's anti-foreigner proposals explained

Swiss politicians are considering measures to limit foreign workers despite their economic contributions.
The Liberal Radical Party proposes an immigration tax, while the Swiss People's Party suggests a residence tax for foreigners.

Fact check: Do Switzerland's foreign workers really 'steal' Swiss jobs?

Foreigners in Switzerland play a crucial role in the labor market, particularly in sectors that locals often avoid.
moreimmigration

Escalating geopolitical tensions and volatile economic data hinders gold - London Business News | Londonlovesbusiness.com

Gold is caught between geopolitical tensions and strong U.S. economic indicators, limiting its upward potential despite recent increases.
#uk-economy

UK inflation set to rise after Bank of England's interest rate cut

UK inflation expected to rise to 2.3% in July after Bank of England interest rate cut.

UK unemployment rate drops unexpectedly, but wage growth hits two-year low business live

Unexpected drop in UK unemployment rate to 4.2% in April-June, with lower number of unemployed people and increased employment.

UK inflation set to rise after Bank of England's interest rate cut

UK inflation expected to rise to 2.3% in July after Bank of England interest rate cut.

UK unemployment rate drops unexpectedly, but wage growth hits two-year low business live

Unexpected drop in UK unemployment rate to 4.2% in April-June, with lower number of unemployed people and increased employment.
moreuk-economy

Fed Maintains rates unchanged - London Business News | Londonlovesbusiness.com

The Federal Open Market Committee (FOMC) hinted at a rate cut in the near future, evolving from a focus on inflation to risks on both sides of the dual mandate.

Confined to this little island': Britons criticise rejection of EU youth mobility deal

The article discusses the dismissal of a proposal to reintroduce freedom of movement for young people between the EU and the UK, highlighting potential benefits for various sectors.

1.5M UK jobs now at risk from AI, report finds

11% of UK job tasks at risk of AI replacement, potentially leading to 1.5 million job losses in worst case scenario.
Back-office, entry-level, and part-time jobs are most exposed with medium and low-wage employees being at greatest risk.

'The Accidental Equalizer' Review: The Luck of the Job

Entry-level positions for midtier jobs are important for the lower- and upper-middle class.
First jobs and earnings after college are determined largely by luck, creating a 'luckocracy' rather than a meritocracy.
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