Job vacancies across Britain have fallen for the eighth month in a row, as businesses hold back on recruitment amid economic pressures, new data show. According to the latest figures from the Office for National Statistics (ONS), Britain’s unemployment rate remained unchanged at 3.7 percent in the three months to January. But the number of…
UK Job Vacancies Drop for 8th Month in a Row as Firms Hold Back on Hiring
Robust January Jobs Report Contradicts Bank of Canada Assessment
News Analysis Canada’s January jobs report showed considerable strength in a number of areas; however, private sector economists’ forecasts got it completely wrong, as did the Bank of Canada, resulting in another hit to the central bank’s credibility, says a former chief economic analyst at Statistics Canada. “They’ve had trouble with the labour markets throughout…
Tight Labour Market Persists as Canadian Economy Adds 150,000 Jobs in January
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market. The economy added a whopping 150,000 jobs last month, Statistics Canada said in its latest labour force survey released Friday. Meanwhile, more Canadians were working or looking for work as 153,000…
Ultra-Low Unemployment in Australia to Hold Firm
December 10, 2022
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The jobless rate is expected to remain in record-low territory heading toward the end of the year as the battle to hire workers rages on. In October 32,200 jobs were added to the economy, driving the jobless rate back to 3.4 percent from 3.5 percent in September. The unemployment rate is expected to remain in…
‘Great Resignation’ Among Over-50s Is Driving up Inflation, Says John Lewis
Over-50s leading a “great resignation” have shrunk the UK labour market and driven up inflation, the boss of John Lewis has said. An exodus of around a million people from the workforce since the pandemic has led to an increase in inflation and wage growth, chairwoman Dame Sharon White told BBC Radio 4’s Today programme….
New Zealand Unemployment at Record Lows as Wages Climb
May 5, 2022
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New Zealand’s unemployment rate remains at a record low 3.2 percent for the second consecutive quarter, as annual wage growth hits its highest levels in 13 years, according to Statistics NZ. Yet, the body noted that the Omicron wave in January caused significant levels of absenteeism, bringing down the actual number of worked hours during…
CPP and EI Payroll Tax Increases Put Needs of the State Before Those of the People
Commentary Happy New Tax Increase. The planned hike in Canada Pension Plan and employment insurance premiums has not merely gone ahead, it has gone up, because the toil of citizens is insufficient to satisfy the needs of the state. Something is upside down here. In my 2016 documentary “True, Strong and Free” on fixing the…
BoC to Maintain Inflation Mandate, Will Consider Job Market in Rate Decisions
OTTAWA—Canada’s central bank has been told to keep the annual pace of price gains at its historic target, but also to help build up the labour market. Since 1991, the Bank of Canada has targeted an annual inflation rate of between one and three percent, often landing in a sweet spot at two percent. That…
UK Worker Numbers Rise Further Despite Furlough Support Winding Down
UK worker numbers have rebounded further in July as the labour market recovery continued despite the initial winding down of the furlough scheme, according to official figures. The Office for National Statistics (ONS) revealed that the number of UK workers on payrolls rose by 182,000 between June and July, although at 28.9 million it is…
Further Drop in Unemployment Rate as Australian Economic Recovery Takes Hold
The unemployment rate has unexpectedly dropped to 6.6 percent in December as Australia’s recovery from the CCP virus lockdowns gathers speed. Australian Bureau of Statistics figures released on Thursday showed a further 50,000 people found work in December and the majority of the jobs were in full-time employment. Economists had forecast the jobless rate to ease…
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