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By PHILIPPE EGGER via ILO News— Economic growth in Africa is forecast to continue at a robust rate, slightly above the recent trend of 5% a year. Africa is also urbanizing fast, with an average of close to 40% of the population living in cities. As such, it may seem paradoxical to suggest that agriculture […]
Continue reading …ILO News– Stressing the urgent need to tackle the employment crisis, International Labour Organization Director-General, Guy Ryder, has warned that there can’t be any real growth without jobs. Asked about the jobs and growth conundrum – if there aren’t jobs, the economy can’t grow and if the economy can’t grow, it can’t create jobs – […]
Continue reading …The global economy faces fewer headwinds in 2013 compared with last year and will likely grow a modest 3.5%, participants at the 43rd World Economic Annual Meeting were told in Davos, Switzerland. But Christine Lagarde, Managing Director, International Monetary Fund (IMF), described the recovery as “fragile and timid” because the Eurozone is prone to political […]
Continue reading …Have degree, driving cab: Nearly half of college grads are overqualified (via The Christian Science Monitor) College grads, Here’s a new data nugget in a high-stakes debate over the state of working America: A new study finds that about half of all workers with a college degree are overqualified for their current jobs. Some 48% […]
Continue reading …Fake skills shortage: American business is finding it harder to hide behind the excuse that there simply aren’t enough workers with certain skills. Writing in the New York Times Magazine, Adam Davidson (founder of the Planet Money podcast and NPR radio show) deconstructs the so-called “skills gap.” Turns out it’s a fake skills shortage. Reasons […]
Continue reading …Slack demand for American workers seems to be at the root of lack of new job openings in the United States and not a purported “skills gap,” a new economic analysis shows.. This low demand for demand for American workers is somewhat conspicuous in light of what appears to be an economic recovery. As many […]
Continue reading …ILO News– Global unemployment rose in 2012 after falling for two straight years and could further increase in 2013, the International Labour Organization (ILO) has warned in a new report A quarter of the increase in global unemployment in 2012 has been in the advanced economies, while three quarters has been through spillovers into other […]
Continue reading …By JIM MORRIS, Center for Public Integrity—A federal judge ruled Thursday, Jan. 10, 2013, that Walmart can be added to a lawsuit alleging widespread wage theft at a Southern California warehouse. Lawyers for contract workers at the Schneider Logistics warehouse in Mira Loma, Calif. – whose sole customer is Walmart – had moved to add the retailer to […]
Continue reading …By DAVID HEATH, Center for Public Integrity— Controversial payday lenders that claim to be owned by Indian tribes and offer payday loans over the Internet have agreed to stop practices that federal authorities say deceive borrowers and violate federal laws. The agreement, filed in federal court, could save borrowers hundreds of dollars on each payday loan. […]
Continue reading …ILO News– Workers’ share of national income has been shrinking in most countries, causing public dissatisfaction and increasing the risk of social unrest, the International Labour Organization (ILO) has said in a new report. “It has affected perceptions of what is fair, particularly given the huge payments some company executives have been getting,” said Patrick Belser, […]
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