The July employment report suggests the recent trend of lackluster gains in jobs and wages is continuing, and a rate hike should therefore be off the table for the time being.
Owning a home will remain just a dream for many Australians.
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The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
Despite increases in education attainment, the educated youth in sub-Saharan Africa find that there are no jobs suited to their levels of education.
Reuters/Afolabi Sotunde
School enrolment rates in sub-Saharan Africa have increased markedly in recent years, but it is failing its newly educated young by not creating jobs commensurate with their education.
Walmart’s promised wage hike will help half a million of its workers make a living, but it really just shows how much America’s working class struggles.
A little employee love goes a long way. Southwest Airlines shows how a company can be rewarded for valuing its workers.
Reuters
The economy is creating the most jobs in 15 years, but only a substantial investment in our crumbling infrastructure and underpaid workforce will ensure they last.
You know Australia’s in trouble when the Reserve Bank cuts interest rates. Last week, the central bank did precisely that, in belated recognition of the income recession that has struck. Gross domestic…
Two things stand out about the economic recovery in Britain. One is the sluggish growth in real wages. The other is the sluggish growth in productivity. That the two phenomena have coincided is no accident…
David Cameron has announced his aspiration for the UK to become a nation of “full employment”, promising that Britain will have the highest employment rate of any major world economy. This is not the first…
We are used to the idea that workers respond to financial incentives, whether it’s a bonus or wage increase, but it might be that bosses can boost workers’ performance by appealing to their altruism, not…
This year, train fares will increase by an average of 2.2%, even though wage growth in 2014 remained below inflation for many people. Inevitably this will lead to complaints of overpricing, as the government…
How many Osbornes does it take to change an economic outlook?
Anthony Devlin/PA Wire
An opinion poll taken in the wake of George Osborne’s Autumn statement reveals that just 27% of people think the British economy is in good shape. This was a decline compared to a survey taken just three…
It has been a long road back for Britain from the economic crisis of 2007/8. The chancellor’s Autumn Statement is an indication of how he aims to keep growth on track, but the prime minister has already…