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Last week the number of Americans filing new claims for jobless benefits fell to the lowest level in nearly 18 months further evidence that job growth is being slowed by labor shortages rather than declining demand. In the week ending September 4, the advance figure for seasonally adjusted initial claims was 310,000, a decrease of […]
Continue reading …Sept. 9, 2021 — A 2.7 percent consumer spending decline is yet another ominous sign the COVID-19-ravaged US economy is in trouble. The report comes just as millions have lost extended federal unemployment benefits, joining millions more in Republican-led states that cut off enhanced unemployment benefits early. The consumer spending decline comes after last week’s […]
Continue reading …Sept. 8, 2021 — Job openings set record levels in the US with 10.9 million in July, up from the previous record of 10.2 million set in June, the U.S. Bureau of Labor Statistics reported today. The most job openings were in in the healthcare and social assistance sector, with a gain of 294,000 listings, […]
Continue reading …Sept. 8, 2021 — The US employment forecast calls for 0.7 percent annual growth with the total number of jobs expanding by 11.9 million jobs from 153.5 million to 165.4 million during the 2020–30 decade, the U.S. Bureau of Labor Statistics reported today. This increase reflects an annual growth rate of 0.7 percent, higher than […]
Continue reading …After time spent in Silicon Valley, Gillian Tee founded her first company in New York at the tender age of 28. She eventually returned home to Singapore and started Homage, a business to match healthcare workers with seniors and their families who need help. But Ms Tee says it’s not always been an easy journey to the top as a woman CEO in industries dominated by men in senior management.Produced and edited by Derek Cai and Fahmi Jamal.
Continue reading …The number US employers requiring Covid-19 vaccinations is set to surge as concerns about the Delta variant grow, according to a survey by Willis Towers Watson. It found 52% of US employers could have one or more vaccine mandates in the workplace by the fourth quarter. Right now, only 21% require vaccinations. These range from […]
Continue reading …America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Continue reading …Chinese President Xi Jinping is on a campaign to remake the world’s second-biggest economy with an emphasis on “common prosperity.” The hope is that a mix of policy moves, market forces and philanthropy will address the country’s wide and persistent wealth gap, which could become a political threat to the ruling Communist Party if left […]
Continue reading …Sabyasachi Mukherjee is a globally sought-after designer from India. Best known for bridal wear, dressing the likes of Priyanka Chopra-Jonas and Deepika Padukone on their wedding days, his designs have been worn by many stars, including Oprah Winfrey and Sophie Turner. Wanting to reach a wider audience, he teamed up with H&M to make a collection more affordable for high street shoppers. ‘Wanderlust’ came with excitement, but it soon came in for criticism too. An open letter from groups representing crafts workers in India was addressed to the designer, disappointed by how the clothes were produced with a fast fashion brand. For others, they simply couldn’t get their hands on the clothes before they sold out. A business success perhaps, but Sabyasachi told BBC News what his intention behind the collaboration was. Reporter: Pria RaiProducer: Sanaa Sadiq
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