Canada’s New Policies on Temporary Foreign Workers
This decision follows concerns over housing shortages and strains on public services, prompting Ottawa to take action. Restrictions on temporary worker permits are set to begin on May 1, with consultations planned with provinces to finalize details
Oman’s Ministry of Labour Opens Doors to Over 900 Government Job Vacancies
The Ministry of Labour’s latest announcement of 909 government job vacancies is a significant stride towards enhancing employment opportunities in Oman. These diverse positions, spanning various educational qualifications, underscore the government’s commitment to inclusivity and skills development. It’s noteworthy that this announcement is part of a well-thought-out strategy to meet the genuine staffing needs of government units, aligning with the country’s growth vision. By offering opportunities to candidates ranging from bachelor’s degree holders to those with general education diplomas, the MoL promotes a dynamic and adaptable workforce. This move is a testament to Oman’s dedication to nurturing its human capital and sustaining economic development.
Mobile Sector Adds $5.2 Trillion to Global Economy
Mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added. The greatest benefits came from productivity effects, which reached $3.5 trillion, followed by mobile operators, which generated $650 billion.
Global Pension Systems Ill-Prepared to Deal with Demographic Changes
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead
A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes.
UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England’s inflation headaches.
Morning Bid: Oil and jobs
World markets calmed a bit on Wednesday after a tumultuous couple of weeks – but a focus on energy prices and U.S. employment promised more tension ahead.
Transport Secretary Grant Shapps backs rail industry to bolster jobs during visit to manufacturer Silver Fox
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
455,000 jobs were added in March, exceeding estimates: ADP
ADP reports that private payrolls increased by 455,000 in March, exceeding estimates. According to ADP, a payroll processing firm, employers increased employment opportunities at a steady pace in March, indicating that hiring remains strong despite signs of a tightening labor market. The increase in private average wages in August was 455,000, about in line with […]
The current status of the job market in the United States is improving: finding workers remains a challenge
The world’s economy was thrown into chaos as the Covid-19 outbreak wreaked havoc on the globe just when everything appeared to be settling down. However, the Russia-Ukraine conflict has once again hampered the global economy. Oil and other commodities are becoming more expensive. As Covid-19 brought with it a sense of foreboding terror, dread, and […]
