As many as 1.5 million working parents could exit the labor market as more U.S. households receive the expanded Child Tax Credit (CTC) benefit, a new study predicts. According to a recent analysis (pdf) from University of Chicago economist Bruce Meyer, approximately 2.6 percent of parents could drop out of the workforce after being given…
Analysis: 1.5 Million Parents Could Drop Out of Workforce Amid Biden Child Tax Benefit
Economic Challenges Persist for Millions in US Recovery
The top headline numbers suggest that the U.S. economic recovery is humming along, but underlying issues throughout the economy have a growing number of economists and market analysts concerned. On the surface, jobs, consumer spending, and the gross domestic product are improving. However, once you begin to scratch underneath that surface, there are plenty of…
McDonald’s to Hire 12,000 People, Open 200 Restaurants in Italy by 2025, Executive Says
December 13, 2021
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ROME—U.S fast food chain McDonald’s will hire 12,000 people and open 200 new restaurants in Italy by 2025, Dario Baroni, chief executive of the group in the country, was quoted as saying by Affari&Finanza-la Repubblica on Monday. “Italy is seen by the group as one of the markets with the greatest potential on a global…
US Still Facing ‘Great Worker Shortages’ Amid Near Record Job Openings
The U.S. economy might need to leap over a few hurdles in 2022 as many factors could derail the post-pandemic recovery, financial experts warn. One of these threats could be the country’s intensifying labor shortage. As companies hang “now hiring” signs on their doors nationwide, employers say they cannot fill these positions. It may not…
Stocks, Yields Slide After US Jobs Report as Omicron Looms
December 4, 2021
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NEW YORK—Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed considerably in November and the Omicron variant of the coronavirus kept investors on edge. Nonfarm payrolls increased by 210,000 jobs, the fewest since last December, but the unemployment rate plunged to a 21-month low…
NTD Business Full Broadcast (Dec. 3)
A mixed picture for the job market — American employers added less jobs than expected, but the unemployment rate also dropped. Big banks on wall street are talking about using bitcoin-backed loans. some are excited. some are not. Supply chain crisis hits the footwear industry hard – But New Balance is thriving, what’s its secret?
Stocks Stumble, Yields Choppy After US Jobs Report as Omicron Looms
December 3, 2021
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NEW YORK/LONDON—Global stock markets faltered on Friday, while benchmark bond yields gave up earlier gains after data showed U.S. job growth slowed considerably in November and markets stayed volatile as investors assess implications from the new Omicron coronavirus variant. After opening higher, Wall Street’s main indexes quickly turned negative in morning trading. European markets also…
NTD Business Full Broadcast (Nov. 12)
A record number of Americans are quitting their jobs. What’s behind it? NTD asks a hiring expert. With a nationwide labor shortage, companies are rushing to add robots to assembly lines. Drugmaker Johnson & Johnson is spinning off its consumer health products unit and splitting into two companies. What’s behind the move?
Lack of Santas Presenting Malls With Big Pre-Christmas Headache
Yes, Virginia, there is a Santa Claus, but it’s not easy believing in a “Higher Elf” when he’s so hard to find. Professional “Santa” staffing agencies report the market for mall and private Santas is running hot this holiday season because of fewer people wanting to be the bearded man in red. So much so…
Canada’s Labour Shortage Worsened by Feds’ Pandemic Relief Programs, Say Analysts
November 10, 2021
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News Analysis Canada’s labour market is facing a massive worker shortage, with some of the causes said to be long-term in nature, but businesses and analysts also say government pandemic support programs have exacerbated the problem. “As was the case prior to the pandemic, the future supply of workers, and the possibility of shortages impeding…
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