Some commentary suggests a causal relationship between hiking interest rates and unemployment increasing. It’s not quite that simple, but the days of record high employment are probably numbered.
Unable to change the country’s vulnerability to shifts in the global and regional economy, the new prime minister Matekane has few economic levers to pull.
Earnings of laid-off workers in southern Europe are 30% lower five years later, while in northern countries the decline is less than 10%. The differences are largely due to the likelihood of finding a new job.
William Hauk, University of South Carolina; Lisa Miller, University of Colorado Anschutz Medical Campus, and Wayne Au, University of Washington, Bothell
President Joe Biden’s suggestion that the COVID-19 pandemic is over has led to a backlash among some experts who suggest the comment is premature – and counterproductive.
Lixin Jiang, University of Auckland, Waipapa Taumata Rau
Turns out, job insecurity doesn’t really improve employee performance. What it does do is cause staff to check out and create a potentially unsafe environment.
High unemployment rates are among South Africa’s biggest challenges. Three of the president’s advisors talk through what is needed to change the status quo.