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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.”


Boston Globe (April 15)

2021/ 04/ 16 by jd in Global News

“For many people hired remotely over the past year, the workplace has largely been restricted to the two-dimensional confines of their computer screens. They may be performing their jobs just fine, but they haven’t been able to benefit from the in-office osmosis that comes with being in a shared space. They haven’t observed their bosses’ body language or picked up tricks that aren’t in the handbook.” As a result, “pandemic hires” are thirsty for the office. They miss “the ‘real’ workplace.”


Mercury News (February 17)

2021/ 02/ 19 by jd in Global News

“Despite an unprecedented 2.4 million jobs lost in the spring, Californians joined fellow Americans in paying down interest-heavy debt such as credit card bills while acquiring wealth-building loans by taking out mortgages…. But looks can be deceiving.” Aggregate figures can obscure real suffering. “Millions of Californians suffering job losses have accumulated crippling debt that goes uncounted in national measures: unpaid rent, utility bills, borrowed money from loved ones and, in some cases, predatory loans.”


Wall Street Journal (February 17)

2021/ 02/ 18 by jd in Global News

“Continental governments have spent trillions during the pandemic keeping firms alive and people in jobs, but that safety net could be putting off the economic deep cleaning that normally comes with recessions.” Concern is growing that “mothballing the economy for so long will leave it struggling to adapt to the seismic business and social changes the crisis is driving. That could stall an economic recovery.”


The Times (October 19)

2020/ 10/ 21 by jd in Global News

“The pandemic has laid waste to high streets, costing thousands of jobs in the process.” A recent PWC study starkly illustrates the observation that “shop closures soared at a record rate in the first half of the year as coronavirus lockdowns hit the high street.” During that period, “Britain lost 6,001 more chain stores than it gained in the first half, up from a loss of 3,509 in the same period last year.”


New York Times (June 17)

2020/ 06/ 19 by jd in Global News

“In many ways, the economic recovery from the coronavirus has defied the worst-case scenarios. Jobs, spending and markets have bounced back more quickly than expected, although they largely remain below pre-pandemic levels. This is mostly thanks to unprecedented government intervention, but many of those stimulus programs are set to expire soon. Then what?”


Wall Street Journal (May 3)

2020/ 05/ 04 by jd in Global News

“Global brands are hoping China’s gigantic consumer market will help rekindle growth as the world tries to recover from the coronavirus pandemic. They are facing an uphill battle.” Despite “seeing a solid bounceback in China… a full return to normal, much less growth, is proving harder because so many people have lost jobs and income, or want to save more.”


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