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Labour shortages in China.
Many employees in sectors experiencing labour shortages are able to negotiate higher pay. Central banks are stepping up the pace of monetary policy tightening, both to slow down…
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DOI: 10.1108/OXAN-DB271321
ISSN: 2633-304X
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This was about 40% of the number in November, when Meta became the first ‘big tech’ firm to trim the over-hiring of the pandemic period and reassure investors that it was cutting…
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DOI: 10.1108/OXAN-DB275805
ISSN: 2633-304X
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Geographic
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In quarterly terms, real GDP increased by 2.2%. Growth was driven by services: the tertiary sector grew 5.4% y/y. Consumption is shifting from goods to services, with hotels and…
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DOI: 10.1108/OXAN-DB278926
ISSN: 2633-304X
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Geographic
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The recovery of the US labour market still lags that of the economy overall, although it mirrors its bifurcation. While the COVID-19 recession has ended for high-wage workers, job…
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DOI: 10.1108/OXAN-DB265291
ISSN: 2633-304X
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Geographic
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However, interest-rate-sensitive sectors such as home improvement are suffering the largest sales declines, according to weekly credit-card spending data. Housing prices also are…
However, vacancies are now falling in most sectors. The job market will weaken this year and appears to be structurally weaker than it was in the 2010s, with higher levels of…
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DOI: 10.1108/OXAN-DB275091
ISSN: 2633-304X
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Geographic
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The legislation seeks to ease popular concern by facilitating the expulsion of illegal migrants or failed asylum-seekers, while also making it possible for some illegal migrants…
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DOI: 10.1108/OXAN-DB276417
ISSN: 2633-304X
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Geographic
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Despite the change of administration after the Brexit referendum in June 2016, it remains government policy to reduce net migration to the “tens of thousands” per year. However…
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DOI: 10.1108/OXAN-DB236128
ISSN: 2633-304X
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Geographic
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Despite fears of a recession, the US economy continues to add jobs and employers report difficulties attracting and retaining workers. Wage growth is decelerating fitfully…