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February 2024
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Reuters (February 5)

2024/ 02/ 06 by jd in Global News

“Prolonged factory deflation is threatening the survival of smaller Chinese exporters who are locked in relentless price wars for shrinking business as higher interest rates abroad and rising trade protectionism squeeze demand.” Fifteen months of falling producer prices have crushed “profit margins to the point where industrial output and jobs are now at risk,” further “compounding China’s economic woes, which include a property crisis and debt crunch.”


Financial Times (December 1)

2023/ 12/ 02 by jd in Global News

“Something weird is happening in America. GDP growth for Q3 was just revised up from an already scorching 4.9 per cent to 5.2 per cent, more Americans have jobs than at any time in history, but the public is up in arms about economic conditions, with consumer confidence dropping to a six-month low. There really is no pleasing some people.”


Wall Street Journal (September 11)

2023/ 09/ 12 by jd in Global News

“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.”


Washington Examiner (August 2)

2023/ 08/ 02 by jd in Global News

“Yellow Freight, one of the oldest trucking companies in America…hit the end of the road Friday” when both union and nonunion workers were laid off. A bankruptcy filing appears imminent. “While the Teamsters-UPS agreement to avert a strike has lessened what could have been a disastrous economic event, Yellow’s potential insolvency marks one of the biggest collapses in jobs in the U.S. trucking industry” and could still lead to “economic uncertainty.”


Washington Post (May 2)

2023/ 05/ 03 by jd in Global News

“As generative artificial intelligence becomes eerily lifelike and gives rise to chatbots that can draft letters, write computer code or create songs, experts have warned about its ability to put people out of jobs. A Goldman Sachs report in late March said generative AI could significantly disrupt the global economy and subject 300 million jobs, particularly white-collar ones, to automation.”


Wall Street Journal (February 16)

2023/ 02/ 18 by jd in Global News

“Fresh figures on jobs and prices drove the economy’s surprising vigor this year, joining rising household incomes, consumer resilience and other data that have persuaded investors the Federal Reserve’s battle against inflation is likely to be a longer one than they hoped.” In January, U.S. hiring rose while “unemployment fell to a 53-year low.”


Washington Post (May 8)

2022/ 05/ 09 by jd in Global News

“Why are Americans so gloomy about the economy? Jobs are plentiful and unemployment is back at pre-pandemic lows, yet sentiment is in the dumps.” Inflation is “the obvious answer,” but “a deeper force” better explains “why Americans are so upset: scarcity.” Inventories of homes and cars are at record lows while stockouts at supermarkets are double or triple standard levels. “There is good economic news, but until Americans can easily get ahold of what they want, too many will still feel like they’re not able to get ahead.”


The Diplomat (May 2)

2022/ 05/ 04 by jd in Global News

“Two and half years on and Japan remains an outlier among industrialized G-7 nations, which have re-opened for tourists and eliminated quarantines.” The border restrictions “prevent Japan from benefiting from the weak yen,” which would “encourage inbound tourism and play a considerable role stabilizing the currency and creating jobs.” Nevertheless, “public opinion and the pernicious idea that COVID-19 is brought in by foreigners” seem to be driving debate, with international tourism “unlikely to be given the green light until the second half of the year following the result of the upper house election.”


The Week (March 4)

2022/ 03/ 05 by jd in Global News

“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.”


Washington Post (October 17)

2021/ 10/ 17 by jd in Global News

“While Americans are leaving their jobs at staggering rates — a record 4.3 million quit in August alone — hundreds of thousands of workers with similar grievances about wages, benefits and quality of life are…choosing to dig in and fight.” Empowered by the Great Resignation, union action is up sharply in 2021. “Workers are now harder to replace, especially while many companies are scrambling to meet heightened demand for their products and manage hobbled supply chains. That has given unions new leverage, and made striking less risky.”


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