Personnel
Stock futures are slightly lower ahead of key jobs report
A trader walks on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images Stock futures slipped in overnight trading following a rally on Wall Street as investors await a key jobs report Friday. Futures tied to the Dow Jones […]
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Malaysia fuel subsidies offer some reprieve from inflation, says economist
Malaysia is in an “enviable” position because fuel subsidies have shielded households from higher oil prices, according to an economist. “Even though we’re seeing this acceleration in inflation, and we’re going to see higher inflation going forward, particularly into the second half … households have in some way been shielded because of these fuel subsidies,” […]
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There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
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The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in […]
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Biden to tout plan to protect millions of workers’ pensions
U.S. President Joe Biden holds a news conference before departing the NATO summit at the IFEMA arena in Madrid, Spain, June 30, 2022. Jonathan Ernst | Reuters President Joe Biden will travel to Cleveland, Ohio, on Wednesday to announce a plan to prevent cuts to millions of workers’ pensions. The launch of the program, created […]
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The 4 most ‘recession-proof’ industries to work in, according to economists
Warnings about a looming recession have reached a fever pitch. Inflation continues to soar, causing chaos in the stock market, and companies are starting to prepare for the worst with layoffs, hiring freezes and, in some extreme cases, rescinding job offers. The sudden shift in labor market dynamics — after months of strong job prospects […]
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Americans hoping for European vacations this summer should prepare for one thing: chaos
Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports struggle to cope with pent-up travel demand after Covid-19 lockdowns. Thousands of flights have been […]
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The top 10 companies employees don’t want to leave
With hordes of workers leaving their jobs as part of the Great Resignation, it’s impressive to see big companies that still inspire loyalty from their employees. With that in mind, Resume.io conducted a study on the big-name companies with the top employment retention rates around the world. These companies must be doing something right; many […]
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Singapore’s unemployment has dropped close to pre-Covid levels, minister says
Singapore’s labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, said Minister of Manpower Tan See Leng. “For local unemployment, we are actually in a fairly good state. The unemployment has dropped. I think we’re close to pre-Covid levels,” he told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing […]
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Job loss is a ‘reality’ of the business cycle, says labor expert. Take these 6 key steps after a layoff
Halfpoint Images | Moment | Getty Images 1. Take a financial inventory Among the first things to do if you lose your job is take stock of financial resources at your disposal, according to financial advisors. Those may include other streams of income such as a partner’s salary, as well as emergency savings, company stock […]
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