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UK employment and nominal wage growth will weaken

Location:

UNITED KINGDOM

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…

Tight US job market will only suffer a mild downturn

Location:

UNITED STATES

The US economy faces a period of slow growth and possibly a short and shallow recession, but this is unlikely to cause a significant weakening of labour markets.

Wage-price spiral risks should moderate in the West

Location:

INTERNATIONAL

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…

Inequality will rise in China despite policy push

Location:

CHINA

The COVID-19 pandemic has exacerbated inequality, according to official data. Divergence across income brackets has risen, with low- and middle-income households having been hit…

US organised labour may rebound

Location:

UNITED STATES

The outlook for US trade unions.

China’s economy gains momentum in the third quarter

Location:

CHINA

Consumer demand, especially for services, underpinned by a stronger labour market, drove the upswing. Exports stabilised, but investment slowed, held back by the housing market…

Inequality will persist in China as incomes rise

Location:

CHINA

Inequality in China.

European and US labour productivity has weak momentum

Location:

INTERNATIONAL

Productivity gains have historically been higher in the United States than in the euro-area, but US productivity has been highly volatile since 2020. Changes in the first quarter…

Short-term US productivity moves do not signal trends

Location:

UNITED STATES

The 2010s was the worst decade for productivity growth since the 1950s, capping living standards and the economy's growth potential. Productivity is the ratio of labour inputs to…

Bahrain’s new premier faces difficult fiscal choices

Location:

BAHRAIN

Manama is seeking multiple means to adjust to the impact of the pandemic, publishing a two-year budget in November that targets a steady decline in the fiscal deficit. Although…