employment
The unemployment rate in Spain fell by 1.02 percentage points to 11.27% in the second quarter of this year, the National Statistics Institute announced on Friday. This follows a slight uptick seen in the previous quarter, although confirms a longer pattern of falling unemployment. Compared to the previous three months, the number of unemployed people decreased by 222,600 this quarter to 2,755,300. The female unemployment rate fell by 1.12 percentage points – to 12.61% – and the male rate by 0.93% – to 10.08%. The services sector saw the largest decrease in the number of job seekers, with 190,5...
Euronews (English)
There is perhaps good reason to be skeptical of legislation that comes packaged in a campy acronym. I am willing to make an exception today. Sen. Gary Peters (D–Mich.) last week introduced a bill to prohibit the federal government from deeming an individual ineligible for employment or for a security clearance based solely on past marijuana use. The legislation is named the Dismantling Outdated Obstacles and Barriers to Individual Employment Act of 2024, otherwise known as the DOOBIE Act. Heh. Peters' proposal seeks to bring federal law up to date with President Joe Biden's 2021 guidance instr...
Reason
Last September, California Governor Gavin Newsom (D) signed a bill mandating a $20 minimum wage for fast food workers. The new wage is among the highest in the county, surpassing even Washington, D.C.'s $17.50 minimum wage. While supporters touted the wage increase as a way to help struggling Californians, detractors warned that restaurant owners would respond by laying off workers, cutting their hours, or speeding up the already starting shift to automation. The law went into effect in April, meaning that it's likely too early to tell what the ultimate effects of the law will be. However, a r...
Reason
Washington (AFP) - US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world's biggest economy is cooling steadily as policymakers hope. Wage growth decelerated, although it still outpaced consumer inflation. But this has not translated into rosy sentiment over the broader economy, adding to President Joe Biden's challenges as he seeks reelection. "We have more work to do, but wages are growing faster than prices and more Americans are joining the workforce," Biden stressed in a statement after the report came out. The country adde...
AFP
Washington (AFP) - Private sector employment cooled unexpectedly in June, payroll firm ADP said Wednesday, with job creation slowing for a third month. Job gains came in at 150,000, below the Briefing.com consensus estimate of 163,000 and down from May's revised 157,000 figure, said the report. Policymakers have been looking to a cooler labor market -- alongside lower inflation -- as they mull the right time to begin interest rate cuts. The current trend, if it persists, could fuel optimism that the first rate reductions may start sooner rather than later -- after the Federal Reserve held rate...
AFP
Lincoln (United States) (AFP) - Ukrainians, Afghans, and Mexicans are moving to Nebraska, a conservative bastion in the central United States -- and despite Republicans' heated political rhetoric, local businesses are welcoming the new arrivals with open arms. Far from the fiery debates of the 2024 US presidential campaign, companies short of workers in the Midwest are calling on Washington to reform the legal immigration system. On the outskirts of state capital Lincoln, set close to the highway between fields and the local airport, stands the factory of the manufacturer Kawasaki. A banner on...
AFP
Grand Island (United States) (AFP) - Israel Gomez Estrada, like thousands of other Cubans and millions more immigrants from around the world, left his home and family in search of a better life in the United States. Now he is legally settled in Grand Island, Nebraska -- a small city with a population of 50,000, and one Cuban restaurant. Tornadoes are frequent and winters can be harsh. "Some of my friends have suggested that I move to another state, but I'm not leaving," Gomez Estrada, 46, told AFP recently. In March, he received a coveted green card, entitling him to work. Cubans can apply for...
AFP
Washington (AFP) - US job growth blew past estimates in May even as unemployment edged up, data showed Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually. But the hotter than expected figures could complicate the Federal Reserve's calculus as it weighs the right time to lower interest rates. It also remains to be seen if positive employment data would translate into rosier perceptions of President Joe Biden, who has been struggling to convince voters of his handling of the economy. The world's biggest economy added 272,000 jobs last month, up ...
AFP
Released this morning: The jobs report, released at 8:30 this morning, shows that in May employers added 272,000 jobs, up from the monthly average of 242,000 that's persisted for the first half of the year and far more than most economists predicted. In April, the unemployment rate was 3.9 percent—a bit higher than the 3.4 percent unemployment the year prior. In May, it slid up to 4 percent. "The headline number is a source for celebration for President [Joe] Biden, who frequently points to the strong job market when making the case to voters that he has handled the economy well," summarizes T...
Reason
By Anuj SRIVAS Bombay (AFP) - Le Premier ministre indien Narendra Modi a vu son pays atteindre une croissance économique annuelle record (plus de 8% en 2023/2024), mais des taux de chômage chroniquement élevés ont joué un rôle clé dans son revers électoral surprise cette semaine. "La détresse économique sous-jacente des gens du secteur informel a eu un impact sur le résultat des élections", a estimé l'économiste Arun Kumar. L'appel nationaliste hindou de Modi aux électeurs s'est heurté à la réalité des conditions de vie des Indiens, a-t-il ajouté. Modi se prépare à faire un troisième mandat, c...
AFP (Français)
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