Labor economy
Even as New York nurses return to function, additional strikes could stick to
Critical Details Around 7,000 nurses returned to do the job at Mount Sinai Clinic and Montefiore Healthcare Centre, two of New York’s busiest hospitals, right after a three-working day strike. But colleagues close to the state say it’s just a make any difference of time just before frontline staff at other hospitals commence walking the […]
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Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently that we’re in a recession. We have two quarters of declining GDP that often happens with the recession. … But we […]
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Restaurants are short-staffed, and that’s taking a big toll on customers and workers alike
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables are visibly open. “Another restaurant we went to had open seats outside, but when we went to the host, they mentioned […]
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‘It’s almost unbelievable’: People are having their job offers rescinded days before they start
Joynese Speller was excited to start a new job as a project delivery specialist for a health care company on June 6. As she wrapped up at her old nonprofit job on a Friday, she emailed her new company to confirm her start time on Monday. Hours later, she got another email: The company had […]
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Australia’s central bank is closer to raising rates as inflation rises, minutes show
The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and labor market tightens, minutes of its April policy meeting showed on Tuesday. David Gray | Bloomberg | Getty Images […]
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Singapore’s labor market will see ‘significant easing’ in second half of 2022, says Barclays
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Tan of the investment bank says they are still “quite cautious” as the labor supply coming back with the relaxation of Singapore’s borders may not be enough to alleviate the labor shortages just yet. Source
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