Strong U.S. employment statistics suggests the Federal Reserve will continue to tighten monetary policy, boosting the dollar.

On Thursday, the dollar gained ground as data showed rising labor costs and unemployment claims indicated the U.S. job market was still strong, both of which suggest the Federal Reserve needs to continue increasing interest rates to tame inflation.

As the market anticipates the Fed will...

In September, businesses increased employment by 208,000

As of last Wednesday’s, release of ADP's monthly poll, private employers had added 208,000 new positions.

This follows August's 132,000, which was somewhat higher than anticipated. Meanwhile, annual salary growth was recorded at 7.8 percent.

Trade, transportation...

The beginning of the fourth quarter will be dominated by global earthquakes and employment data

There is a great deal of worry surrounding the markets and the global economy as we begin the first working week of the fourth quarter.

The U.S. market concluded the third quarter on a downturn, down about 25% year-to-date as measured by the S&P 500. The new British prime minister, ...

4 million Americans of working age are prevented from finding employment because 16 million of them have long-term COVID

According to a recent research, between 2 million and 4 million Americans are being kept out of work because to long COVID-19, costing the country roughly $170 billion in lost income yearly.

According to a survey from the Brookings Institution, 16 million Americans who are considered to...

Galway City has been chosen as the location for a technology centre by Signify Health

Signify Health (NYSE: SGFY), a leading U.S. value-based medical framework that utilises advanced analytics, new tech, and countrywide healthcare provider networks, announced today the opening of a new technology centre in Galway that will create over 125 new technology innovation jobs over the ne...

New measures introduced in Singapore to ease manpower challenges 

The Ministry of Manpower has announced new measures on October 30 in order to ease the manpower challenges in the marine shipyard, construction and process sectors in Singapore.

Highlights

• New measures have been introduced to ease the manpower cha...

S. KOREA REPORTS INCREASE IN NUMBER OF EMPLOYED PEOPLE IN MARCH

Highlights –

• S. Korea reports increase in number of employed people in March.
• The country saw numbers of employed people reach 26.9 million.
• The unemployment rate also rose 0.1% point on-year to 4.3 percent last month.
• Temp...

US ECONOMY ADDED 379,000 JOBS IN FEBRUARY

Highlights

• The speed of hiring last month was exceptional as compared to January and also the strongest since October

• According to several economists, what the country is currently seeing is broad, slow gains and it is consistent with a slow reawakening of the la...

S. KOREA’S RESTAURANT AND HOTEL WORKER NUMBERS DROP IN JANUARY

Highlights –

• S. Korea’s restaurant and hotel worker numbers drop in January.
• In January, the number of workers stood at 1.05 million.
• The country’s travel sector saw a decline of 69,000 workers.
• Data showed that...

S. KOREA LABOR MINISTRY REPORTS EMPLOYMENT INSURANCE INCREASE BY MINIMUM

Highlights –

• S. Korea labor ministry reports employment insurance increase by minimum.
• The data was reported for the month of January.
• In January 2021, employment insurance subscribers reached 13.84 million.
• Subscribers in ...

S. KOREA’S MINISTRY OF GENDER TO SURVEY ON STALKING AND DATING VIOLENCE

Highlights –

• S. Korea’s Ministry of Gender to survey on stalking and dating violence.
• The ministry is also planning to map out employment plans for women.
• A new division will be created in the ministry to review and monitor the ...

SINGAPORE’S MANUFACTURING SECTOR SHOWS HOPE FOR JOBLESS

HIGHLIGHTS

• The openings for work in the industries of manufacturing has multiplied over the most recent two months, with around 6,370 openings in the area as of mid-October contrasted with 3,200 toward the finish of August

These makeup around 6...

HONG KONG AIRLINES CATHAY PACIFIC CUTS DOWN ON EMPLOYMENT FOR SUSTAINABILITY CONCERNS

HIGHLIGHTS

• Cathay Pacific declared plans to cut its labor force by 25% with shut down of its short-pull carriers with an end goal to endure the staggering effects of the Covid pandemic

Over the globe, aircraft have been pounded as the pandemic ...

JAPAN CABINET OFFICE REPORT SEPTEMBER'S ECONOMIC ASSESSMENT UNCHANGED

Highlights –

• Japan Cabinet Office report September's economic assessment unchanged.
• The government mentioned that the economy is starting to pick up from the pandemic slump.
• Exports and production are slowly recovering.
...

EMPLOYMENT OPPORTUNITIES WORSEN FOR THE MONTH OF JULY IN JAPAN

Highlights –

• Employment opportunities worsen for the month of July in Japan.
• The job availability ratio in Japan dropped in June to 1.08 from 1.11.
• The country’s unemployment rate rose to 2.9 percent from 2.8 percent in June.

QUALIFYING SALARY MODIFICATIONS IN EMPLOYMENT PASSES AND S PASSES IN SINGAPORE

HIGHLIGHTS

• The Ministry of Manpower (MOM) on Thursday (Aug 27) reported a large number of changes to its foreign workforce strategy, including raising the base passing compensation for Employment Passes and S Passes twice this year and presenting a more signific...

SINGAPOREAN EMPLOYMENT PASSES GETS A BOOST, SAYS MOM

HIGHLIGHTS

• The Government will raise the compensation rules for Employment Passes (EPs) and S Passes amid feeble work economic situations, Minister for Manpower Josephine Teo said.

Right now, those on Employment Passes need to procure minimum S...

UK BUSINESSES MAY SEE HEALTH AND SAFETY CHALLENGES DUE TO BREXIT

HIGHLIGHTS

• The future of the UK’s health and safety status is at risk due to Brexit.
• Brexit will be effective very soon.

The European Union (EU) and United Kingdom (UK) hold high reputation due to health and safety law, particu...

MARTIN MUCCI: SMALL BUSINESS EMPLOYMENT OBSERVES A FALL

Highlights

• Paychex releases its monthly Small Business Employment Watch with IHS Markit
• It offers insight ahead of the monthly jobs report

On Tuesday, Martin Mucci said that small business employment is falling again. It is becoming ...

RISHI SUNAK ANNOUNCES TO INCREASE UK'S NUMBER OF JOB COACHES

Highlights –

• British Finance Minister Rishi Sunak announces to increase UK's number of job coaches.
• The action so planned is to tackle the rise in unemployment.
• British job centres will double their number of work coaches by 27,00...