Our worker shortage crisis is intensifying as job openings keep rising month after month. The Bureau of Labor Statistics (BLS) reports there were more than 10.9 million job openings in the economy at the end July – an all-time record yet again. The July record is an astounding 749,000 more than in June. In total, businesses have added… Seguir leyendo Worker Shortage Crisis Intensifying as Job Openings Rise Month over Month
Categoría: Economy
World Economic Forum plans 2022 annual meeting in Davos-Klosters
Top business, government and civil society leaders will come together to address the economic, environmental, political and social failures exacerbated by the pandemic. The World Economic Forum plans to convene the world’s top leaders for the 2022 Annual Meeting in Davos-Klosters, Switzerland. The 2022 Annual Meeting, which will take place in person from January 17-21,… Seguir leyendo World Economic Forum plans 2022 annual meeting in Davos-Klosters
How Special Drawing Rights Can Help Struggling Countries
The largest allocation of Special Drawing Rights, or SDRs, in history—about $650 billion—came into effect earlier this week. The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis. The SDR allocation will provide additional liquidity to the global economic system—supplementing countries’ foreign… Seguir leyendo How Special Drawing Rights Can Help Struggling Countries
Businesses Struggle to Find and Keep Workers Amid Record-High Job Openings
Across all sectors of the economy, many businesses trying to recover from the COVID-19 pandemic are facing yet another challenge: a shortage of workers. According to the latest Job Openings and Labor Turnover Statistics (JOLTS) data from the U.S. Bureau of Labor Statistics (BLS), there were 10.1 million job openings in June—and that number continues to escalate. Businesses added over 590,000 more jobs since May, and 3.3 million since the beginning of 2021. With a record number of job openings and increased turnover across… Seguir leyendo Businesses Struggle to Find and Keep Workers Amid Record-High Job Openings
IDB World: The Enigma of Informal Work during the Pandemic, Desalination & Value Chains
A crisis like no other: Why informal work did not spike under COVID-19 Before Peru was struck by COVID-19, Diana Quispe* was a part-time hairdresser based in the outskirts of Lima, who served customers in their homes in one of the city’s wealthier districts. She was an informal sector worker, like almost 80% of workers… Seguir leyendo IDB World: The Enigma of Informal Work during the Pandemic, Desalination & Value Chains
New Data Shows the Impacts of the Pandemic on Caribbean Businesses
The Caribbean region has been hit particularly hard by the pandemic, with a deeper economic contraction than Latin America as a whole. The impact has been worse for women-owned/led firms and smaller firms, and supply chain disruptions have significantly affected firm performance. Something novel happened in Ocho Rios, Jamaica on August 16th: a cruise ship… Seguir leyendo New Data Shows the Impacts of the Pandemic on Caribbean Businesses
Miami-Dade County’s Unemployment Rate Drops to 6.5%
The July 2021 unemployment rate improved compared to last month and last year. This July’s unemployment report shows that the not seasonally adjusted unemployment rate decreased by 8.7% compared to July of 2020. The unemployment rate decreased by 0.6%, from 7.1% in June 2021 to 6.5% in July 2021. Seasonally adjusted unemployment rates, which take… Seguir leyendo Miami-Dade County’s Unemployment Rate Drops to 6.5%
Fiscal policies against climate change can help create 15 million jobs
FINANCE AND PLANNING MINISTRIES PLAY A CENTRAL ROLE IN PROMOTING FISCAL POLICIES THAT GENERATE MORE AND BETTER JOBS WITH THE TRANSITION TO GREEN ECONOMIES ADEQUATE FISCAL PLANNING WOULD HELP THE DECARBONIZATION OF THE REGION’S ECONOMIES CREATE 15 MILLION NET NEW JOBS BY 2030 A new Inter-American Development Bank (IDB) study, “Fiscal Policy and Change Climate: Recent… Seguir leyendo Fiscal policies against climate change can help create 15 million jobs
Employer-Sponsored Insurance Delivers $1.5 Trillion in Value for Employees, U.S. Economy
Throughout the COVID-19 pandemic, employer-sponsored insurance (ESI) provided much-needed peace of mind and support for the more than 160 million Americans that benefit from its robust, flexible, and affordable health coverage. The significant retention of employer-sponsored coverage during the pandemic further proves its value to individuals and families; as employment dropped over the course of… Seguir leyendo Employer-Sponsored Insurance Delivers $1.5 Trillion in Value for Employees, U.S. Economy
Employer-Sponsored Insurance Delivers $1.5 Trillion in Value for Employees, U.S. Economy
Throughout the COVID-19 pandemic, employer-sponsored insurance (ESI) provided much-needed peace of mind and support for the more than 160 million Americans that benefit from its robust, flexible, and affordable health coverage. The significant retention of employer-sponsored coverage during the pandemic further proves its value to individuals and families; as employment dropped over the course of… Seguir leyendo Employer-Sponsored Insurance Delivers $1.5 Trillion in Value for Employees, U.S. Economy