S.Korea’s GDP growth climbs to 11-year high, but recovery uneven
South Korea’s economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity, tempering declines in capital investment and a slow recovery in the coronavirus-hit service sectors.
U.S. job growth seen accelerating in December; record job creation anticipated for 2021
U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
Fear and employment during the COVID-19 pandemic: Evidence from search behavior in the EU
The COVID-19 pandemic and ensuing Great Lockdown came with an unseen level of economic uncertainty. This column uses Google search data to document the substantial increase in people’s economic anxiety and the coinciding slowdown in European labour markets in the months following the outbreak.
Surging COVID-19 cases dampen U.S. consumer confidence, house prices post record gains
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
UK employers have strongest hiring plans in over 8 years, survey shows
British employers plan to increase staff numbers by the most in more than eight years over the coming months and few intend to make staff redundant when government furlough support ends next month, a survey showed on Monday.
EXCLUSIVE Fed’s Barkin: U.S. “closing in” on taper, but could still take a few months
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases.
Insights from eCom Scotland into making flexible working work
These days – thanks, in part at least, to the effects of the coronavirus pandemic – people in all sectors of the economy are learning to cope with such concepts as remote work, home office, teleworking, hybrid and flexible work arrangements. Consequently, organisations now need to develop strategies and systems to support this workforce, including providing appropriate technology and redesigning work processes.
U.S. CEO-to-worker pay ratio rose to 299:1 last year -union
The average S&P 500 .SPX chief executive made $15.5 million last year, 299 times the pay of the median worker and a higher ratio than in 2019, the top American labor union said on Wednesday, as the COVID-19 pandemic drove layoffs while executive compensation grew.
UK’s post-lockdown hiring boom hits record pace – REC
Britain’s post-lockdown hiring boom roared on in June as employers signed up the most permanent staff since at least the late 1990s and a shortage of candidates hit unprecedented levels, driving up starting pay, a survey showed on Thursday.
Australia’s cbank tapers QE but affirms low rates outlook
Australia’s central bank on Tuesday took its first step towards tempering its massive stimulus as employment proves far stronger than previously expected, although actual rate hikes remain a distant prospect.
