July 2019 was an incredible month for the Australian labor market. It added close to three times the predicted number of jobs. The unemployment rate stayed at 5.2 percent as the workforce ballooned to a new record. The proportion of those actively looking for a job or in work currently increased to a record 66.1 […]
The United States wrapped up 2024 with a surprisingly strong labor market, adding more than 2.2 million new jobs over the course of the year. December alone saw the addition of 256,000 jobs, significantly exceeding expectations and confirming the resilience of the U.S. economy. As unemployment dropped to 4.1%, this growth underscores a robust foundation […]
Highlights from a new survey conducted by The Bank of Canada show the number of companies facing labor shortages has increased to 37 percent, which is the highest rate since 2008. The companies are reporting labor shortages are getting more intense at a rate not seen in over a decade. Firms are expecting future sales […]
