TES to help South Africa’s gig economy
The adoption of the gig economy is considered to be a turning point in reducing the unemployment rate and increasing gross domestic product...
Tag : employment
No evidence that US wage growth is picking up
However, much like a tube of toothpaste being squeezed a little too hard, wage growth can suddenly accelerate when labour markets are tight...
US interest rate hike could come sooner than later?
Fed Chair Janet Yellen says the economy is almost at full employment and inflation is moving in the direction of the Fed’s goal...
US labour market continues to tighten
Wage growth raises inflation expectations...
Fall in unemployment benefits claimants in US
Fewer claims than anticipated in the last week of December...
Africa’s youth bulge
Many analysts expect significant growth opportunities in the continent, which has the largest youth population in the world Benita James December 21, 2016: Africa’s demography is showing a visible shift and many analysts have reason to believe that the continent has the largest youth population in the world. A young population is generally considered as...
US Fed hikes interest rate
The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
Hiring on the decline in UAE
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
Employment grows in the US
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
China’s service sector expands at a rapid pace
Findings of survey by financial information service provider Markit IFM Correspondent November 3, 2016: China’s services sector grew at the strongest pace in four months up to October as new business picked up, encouraging companies to hire more workers, a private survey showed. The Caixin China General Services PMI (Purchasing Managers’ Index) came in at...