Tag: Labor


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 […]


Cost Of Living Declines In U.S.

A petrol price decline has positively impacted the cost of living in the US.  The U.S. Labor Department says inflation was 6.5 percent over the 12 months to the end of December, down from 7.1 percent in November. The inflation gauge also shows that some food items have also seen a price fall.  The pace has dropped for six consecutive […]


U.S. Job Growth Shows Letup In Pace

Although job growth continues in the U.S., there is a dip in pace as rising prices and higher borrowing costs have put the economy in a spot of bother. The U.S. Labor Department, in its recent report, noted that employers added 261,000 jobs in October, while the unemployment rate rose slightly to 3.7%. The news comes as the economy remains […]


10 Insightful Quotes On Education

“Labor for learning before you grow old; For learning is better than silver or gold. Silver and gold will vanish away, But a good education will never decay.” The above poem is one that has been recited by children all over the world throughout the ages and for generations. The fact is education is part of one’s human capital or […]


Jamaica Sees Record Low Unemployment

According to the Statistical Institute of Jamaica (STATIN), Jamaica’s unemployment rate fell to a new record low of six percent in April 2022. This is 0.2 percentage point lower than the figure for January 2022 and is also a three-percentage point decline on the April 2021 outturn. Director General, Carol Coy, noted that the male unemployment rate fell from 7.5 […]


Over 40 Million People Living In Modern Slavery

It is a confronting reality that even in the present day, men, women, and children all over the world remain victims of modern slavery. They are bought and sold in public markets, forced to marry against their will and provide labor under the guise of “marriage,” forced to work inside clandestine factories on the promise of a salary that is […]


U.S. Department Of State Laments Child Labor Problem In Jamaica

The U.S. Department of State laments the problem of child labor in Jamaica by arguing that there are many children involved in illicit activities, such as scamming. In its latest human rights report, it acknowledges that the minimum age for general employment is 15, with the law allowing children between ages 13 and 15 to engage in light work. However, it […]


Fed Raises Rates Amidst Job Gains, Steady Inflation And Strong Consumers Confidence

Janet Yellen, the Chair of the Board of Governors of the Federal Reserve System, said the decision to make another gradual reduction in the amount of policy accommodation reflected the economy’s continued progress toward the employment and price stability. Furthermore, she said that the following factors have contributed to the fed’s decision to increase the rate at this time: 1. […]


President Obama Warns Of A Second Government Shut Down

President Obama in his weekly address lauds the efforts of the labor movement that have worked over the years to ensure that workers today are able to enjoy an eight-hour workday, 40-hour workweek, weekends, overtime, and the minimum wage. He also pointed to safer workplaces, health insurance, social security, medicare, and retirement plans as some of the gains fought for […]


Labor Day: A Salute To The Sanctity Of Work

“If we can succeed in convincing these people to make a common cause with us… We will have a POWER… Capital is no respecter of persons and it is… a sheer impossibility to degrade one class of labor without degrading all.” – William H. Sylvis   In 1894, Labor Day became a federal holiday. The labor movement in the U.S. […]