Tag: employment


Global Unemployment Grows Amid Economic Slowdown

GENEVA — The outlook for the year ahead and beyond is not very promising. The International Labor Organization warns that the current global economic slowdown will force millions of workers to accept lower quality, poorly paid jobs. In its “World Employment and Social Outlook: Trends 2023” report, the ILO predicts global unemployment will rise by 3 million for a total of […]


U.S. Economy Shows Jobs Decline In August

The U.S., economy added fewer jobs than expected in August as employment rose by 235,000 much less than anticipated pundits. It shows a dramatic decrease from that of the 1.05 million jobs created in July. The report suggests that the recovery from the pandemic may be on a downturn. That said, the unemployment rate fell to 5.2% in August from […]


The U.S. Sees Rebound In Employment

As vaccination ramps up and relaxation in the COVID-19 protocol, more businesses have brought back workers resulting in a surge in the employment numbers in the U.S. Employers added 379,000 jobs in February, breaking a two-month streak of minimal gains. The growth was stronger than analysts had expected, but the activity did not significantly dent the jobless rate. It dipped […]


Jamaica — 41,000 New Jobs Projected For The Tourism Sector By 2022

Tourism Minister Hon. Edmund Bartlett, in a speech delivered by Regional Manager of the Jamaica Tourist Board (JTB) Odette Dyer at the Hyatt Hotels’ Eminence Staff Awards, noted that the tourism sector will provide 41,000 new jobs by 2022. The Minister remarked that with the continued unprecedented growth in the sector, impending hotel construction, and expansion of room stocks, thousands […]


Jamaica Can Attain Full Employment – PM

According to a Jamaica Information (JIS) report, Prime Minister Andrew Holness noted that if the economy continues on the current growth trajectory, Jamaica can attain full employment. Speaking at a town hall meeting at Closed Harbor Beach in Montego Bay, St. James recently, the Prime Minister said the economy continues to show a positive outlook with unemployment at an all-time […]


March Shows U.S. Job Growth Crawls

U.S. job growth slowed sharply in March as employers added 103,000 positions in the month. The figure was lower than expected and left the unemployment rate unchanged at 4.1 percent. Analysts said the cold weather may have contributed to the slowdown, which was anticipated to some degree after February’s blockbuster gains. The low unemployment rate may also be making it […]


U.S. Job Market Holds Strong

Although the annual wage growth remains tepid, job employment continues to show a positive trend in the U.S. economy. The February jobs report showed that U.S. employers added 313,000 over the past month, much more than predicted. Notwithstanding, the unemployment rate remained at 4.1%, while the annual earnings growth rate slowed to 2.6% last month. January’s annual wage growth rate […]


Be Careful What You Wish For!

Voters don’t decide issues, they decide who will decide issues. George Will When Americans went to the polls in the November 2016 presidential election, they were for the most part, all bright-eyed and bushy-tailed up as they voted in huge blocks for the Republican Donald Trump with the view that he would rid Washington of all the political corruption and […]