Despite recent COVID-19 spikes the U.S. economy added 1.8 million jobs and unemployment fell to 10.2 percent providing support to the optimism reflected in the continued financial market rally. Economist forecasts had anticipated a weaker rebound with an addition of about 1.4 million jobs. Instead the U.S. Bureau of Labor Statistics (BLS) reported stronger recovery […]
Tag Archives: Employment News
“The return after the pandemic will be a gradual process. Some sectors are already rebounding, and others will take longer to modify or rebuild their operations. Organizations will need to move quickly to address remote and flex workforces, communication and corporate culture or else risk falling behind the competition. I think we will also see […]
Mira Robotics developed its Ugo robot to reinforce greying Japan’s shrinking workforce, but as the coronavirus threat persists, the Japanese start-up is offering its machine as a tool in the fight against the outbreak, reported Channel News Asia. “The coronavirus has created a need for robots because they can reduce direct contact between people,” CEO […]
French business activity rebounded far more than expected in July as a post-lockdown recovery in the service sector shifted up a gear, according to a survey by data compiler HIS Markit, which said its preliminary purchasing managers index jumped to 57.6 from 51.7 in June, hitting its highest level since January 2018, reported Reuters. The Purchasing […]
Scientists at the University of Oxford in the UK announced, through a statement from its production partner AstraZeneca and also in a report published in The Lancet that, according to preliminary results, the university’s vaccine for COVID-19 is safe and induced an immune response, reported by LABS (Latin America Business Stories). The third phase of testing is taking […]
“Governments around the globe have already allocated more than $13 trillion to stabilize their economies and jump start growth. Although these speedily implemented measures have succeeded in many ways, new worries continue to emerge. But we believe that if governments and the private sector work together, we can return to prosperous and sustainable times worldwide.” […]
Mexican President Andres Manuel Lopez Obrador said that the coronavirus could cost as many as a million jobs in the country as many industries considered not essential remain shut, according to a report in the international edition of Channel News Asia. The Mexican economy was already in recession before the pandemic struck and different investment […]
Singapore won’t return to the open and connected global economy that existed before the island nation went into a partial lockdown two months ago due to the outbreak of the coronavirus, said Prime Minister Lee Hsien Loong, as reported by Bloomberg. Singaporeans will have to prepare for a different, admittedly tougher future with rising unemployment […]
Germany is taking its biggest step yet to ease coronavirus containment with preparations to open restaurants and all shops as well as to restart professional soccer games, according to a recent report from Bloomberg. Although many lockdown measures are being gradually phased out, however, Chancellor Angela Merkel urged Germans to stick to limits on public contact […]
The financial market rally in recent weeks proved to be prescient as the U.S. jobless rate fell to 13.3%, and payrolls rose by 2.5 million, suggesting jobs are rapidly returning the coronavirus-hobbled economy. “Our Network managers, in almost 400 executive recruitment offices, anticipate upticks in sequential professional, technical, executive and managerial hiring demand in the […]