Category: Jobs
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Prince’s Trust warns of ‘digital skills crisis’ as over third of young people lack confidence in securing tech jobs
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The Prince’s Trust, in collaboration with Solutions Research and supported by Cognizant, has released a new report highlighting the growing ‘digital skills crisis’ among young people in the UK. According to the findings, more than a third of young people (37%) are concerned that they lack the digital skills needed…
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Carpetright’s future secured but at least 1,000 jobs lost in limited rescue deal
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Carpetright’s future was partly secured through the rescue deal, but the move resulted in the loss of more than 1,000 jobs. Tapi, a rival flooring retailer, bought 54 of Carpetright’s 272 stores and two warehouses through a pre-pack administration, which allows for selective acquisition of assets. The deal retained 308…
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CNN to cut 100 jobs in major overhaul to focus on digital, memo shows By Reuters
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Written by Yuvraj Malik (Reuters) – CNN plans to cut about 100 jobs as part of a plan to consolidate its news operations and strengthen its digital business, according to an internal memo seen by Reuters on Wednesday. CNN International CEO Mark Thompson said in a memo to employees that…
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Jerome Powell is suddenly bearish on the jobs market and it’s a welcome sign for Wall Street
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Federal Reserve Chairman Jerome Powell on Wednesday reinforced the message that the central bank is increasingly paying attention to a slowing labor market and not just taming inflation, a shift that suggests it is likely to start cutting interest rates soon. “We are not just an inflation-targeting central bank. We…
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US economy adds 206,000 jobs in June as labour market shows signs of cooling
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The U.S. economy added 206,000 jobs in June, indicating a slight slowdown in the labor market, according to the latest data from the Bureau of Labor Statistics. The figure was closely in line with economists’ expectations and represented a modest decline from the revised 218,000 jobs added in May. The…
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USD/CAD bounces from the range low after soft Canadian jobs report. What’s next
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USD/CAD Daily The Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted. That’s why the recent drop in USD/CAD could…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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Weak U.S. Jobs Reports Extended The Dollar’s Losses On Wednesday
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The United States released a batch of economic data on Wednesday that could give markets clues to the outcome of Friday’s U.S. nonfarm payrolls report: the Challenger Report The data showed that U.S. employers announced 48,786 job cuts in June, down 23.6% from May but still 19.8% higher than June…
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USDCAD moves down toward low of multi-week range ahead of jobs reports on Friday
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The USD/CAD pair continued its downward movement today on the back of lower interest rates and weaker US data. Technically, the price moved below the 100 and 200-bar moving averages on the 4-hour chart yesterday, and remained below those moving averages in the early Asian session today, before moving lower…
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May jobs data in the limelight By Investing.com
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The index jumped on Friday, posting its best session of the year, as investors closed out a strong month after the Federal Reserve’s preferred inflation gauge met expectations. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32 points, thanks to gains in shares of Salesforce and UnitedHealth,…
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Jobs, inflation data may break the US Treasury market out of narrow range By Reuters
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By David Randall NEW YORK (Reuters) – A series of upcoming economic reports and testimony from Federal Reserve Chairman Jerome Powell before Congress could push U.S. government bonds out of a tight trading range. Yields on benchmark 10-year US Treasury bonds, which move inversely with bond prices, have risen between…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…
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Lack of jobs severest among 20-24 age group
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The unemployment rate for those between the ages of 20 and 24 rose to 15.6 percent in 2022 from 14.6 percent in 2021, indicating worsening unemployment among young people in a country suffering from a hiring freeze in companies. Data from the Kenya National Bureau of Statistics (KNBS) indicates that…