Wall Street Journal (September 11)
“For every American employed making steel or aluminum in 2018, 36 were employed by firms that used steel or aluminum as inputs. By raising the prices of these metals, Mr. Trump’s tariffs destroyed far more manufacturing jobs than they created. Overall manufacturing employment fell in each of the four quarters of 2019…. Under Mr. Trump’s protectionist policy, total manufacturing output was 2% lower by the start of the pandemic than it was when he raised tariffs.”
Tags: 2018, Aluminum, Destroyed, Employment, Fell, Inputs, Jobs, Manufacturing, Metals, Output, Pandemic, Prices, Protectionist policy, Steel, Tariffs, Trump
The Week (March 4)
“An advertisement seeking 30 women to drive bullet trains drew more than 28,000 female applicants in Saudi Arabia last week, revealing massive demand for jobs as the kingdom loosens restrictions on women’s employment.”
Tags: Advertisement, Bullet trains, Demand, Employment, Female applicants, Jobs, Kingdom, Loosens, Restrictions, Saudi Arabia, Women
Washington Post (November 23)
Fed Chair Jerome Powell has been nominated for another four-year term. If again confirmed, he will face “a daunting challenge: At a time when employment remains several million jobs below pre-pandemic levels, inflation is taking off at a rate not seen for 30 years.” And the blame from all “across the political spectrum” will be pinned on him. “Not since Paul Volcker accepted President Jimmy Carter’s nomination to the position amid double-digit inflation in mid-1979 has any central banker confronted a more difficult situation.”
Tags: Blame, Carter, Challenge, Confirmed, Daunting, Employment, Fed, Inflation, Nominated, Powell, Pre-pandemic, Volcker
Mercury News (May 3)
“Of the many problems confronting Bay Area companies as they move out of pandemic lockdowns and into the workplaces of the future, one issue is proving especially thorny: Do they make their workers get COVID shots?” Legally, they can require vaccinations “as a condition of employment. But just because they can mandate injections doesn’t mean they should.”
Tags: Bay Area, Companies, COVID shots, Employment, Lockdowns, Pandemic, U.S., Vaccinations, Workers, Workplaces
Wall Street Journal (November 13)
The “booming” labor market has been the “Crown Jewel of Japan’s economy,” but it appears to be “losing its shine.” It now looks like the labor market “peaked even before the ill-considered sales-tax hike in October…. The shine is now coming off, with economic forces at home and abroad weighing on the employment gains made.”
Tags: Booming, Economy, Employment, Gains, Japan, Labor market, Peaked, Sales-tax hike
Businessweek (January 4)
“Just 19 percent of 15- to 17-year-olds had jobs in 2018, compared with almost half in 1968.” Shifts like this are “particularly troublesome for restaurants that have depended on young workers since the days of soda jerks and carhops.” Coupled with a tight employment market and increasing wages, restaurants will be “scrambling for cheap labor in 2019.”
Tags: Cheap labor, Employment, Jobs, Restaurants, Troublesome, Wages, Young workers
Time (August 23)
It is shocking “that more than 65% of Japanese medical doctors who responded to a survey said reducing the entrance exam scores for women is unavoidable, since the extreme working hours make it impossible for female doctors to work full time while taking care of their children. Japanese society still sees household chores and childcare as the main responsibility of women, whether or not they are in paid employment.”
Tags: Children, Doctors, Employment, Exam, Full-time, Household, Japan, Scores, Survey, Women, Working hours
Fund Strategy (June 1)
“European sceptics are being forced to acknowledge the recovery in a region that they have failed to understand politically, as the eurozone enjoys positive PMIs and employment figures while rejecting populist politics…. April saw the fifth largest allocation shift from US to European equities since the start of the eurozone in 1999.”
Tags: Allocation, Employment, Equities, Europe, eurozone, PMIs, Populist, Positive, Recovery, Sceptics, US
Wall Street Journal (February 12)
Focusing on employment and rising wages, Federal Reserve Chair Janet Yellen believes “the U.S. economy is in decent shape and would be even better if not for the blasted rest of the world.” Markets, on the other hand, “are looking at different signals that suggest the world economy continues to weaken.” For example, “global trade is no longer growing as rapidly as world GDP, which is the opposite of the historical pattern. Containers are piling up at the world’s ports.” Ms. Yellen may “turn out to be right” given market proclivity for volatility and overreaction.
Tags: Containers, Economy, Employment, Fed, GDP, Global trade, Markets, Overreaction, Signals, U.S., Volatility, Wages, Yellen
Washington Post (June 16)
“U.S. employers now have more job openings than ever previously recorded,” but there’s a catch. “The average time required to fill a job opening has also just reached an all-time high: 27.3 days, or almost a month,” and it’s over 2 months (64 days) at the biggest companies. Unfortunately, nobody’s sure of the reason behind this or the implications the lag may have for the employment picture or, indeed, the overall economy.” Knowing why might explain why salaries aren’t going up, when they might or if they will.
