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...We expect immigration to be about 1mn higher than usual this year, implying breakeven job growth of around 125k and a 0.3pp boost to potential GDP growth in 2024 from faster labor force growth....
...With labor markets still strong, household spending would continue to expand. The combination of strengthening revenues with rising margins would bolster profits, fueling nominal growth....
...to Kate Bronfenbrenner of Cornell University’s School of Industrial and Labor Relations....
...And here’s what I’m keeping tabs on today and over the weekend: Economic data: The US Labor Department’s Bureau of Labor Statistics releases monthly import and export statistics and the University of Michigan...
...Last week the National Institute of Economic and Social Research said the UK may have slipped into a technical recession at the end of 2023, with two consecutive quarters of contracting growth....
...That evidence includes US Department of Labor statistics showing that women earn 18 per cent more when represented by a union — although they still generally earn less than men....
...In September 2023, the Department of Labor opened child labour investigations into two slaughterhouse sanitation subcontractors, QSI and Fayette Industrial — as well as meatpackers Tyson Foods and Perdue...
...We demand that the Bureau of Labor Statistics only release numbers that make us unequivocally happy or sad! Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Will China be forced to stimulate?...
...The pandemic, with its lockdowns, disruption of food supply and the need for habitual non-cooks to feed themselves, was responsible for driving a good part of the 2020-2021 growth....
...Reeves will argue that the unit should be “integrated into the budget and spending review processes alongside the fiscal and spending departments of the Treasury”, to give a new emphasis on growth....
...Overturning decades of economic decline in Britain’s regions is essential to tackling the country’s wider growth problems....
...Despite wage growth hitting a 14-year high in the third quarter of last year, he said: “The cost of living is hitting everyone.”...
...In August, the US justice department filed a lawsuit against SpaceX, accusing it of discriminating against asylum seekers and refugees in hiring....
...PSSI, a sanitation business owned by the private equity giant, was ordered to stop using child labour after a 2022 Department of Labor investigation....
...30% of higher interest expenses by reducing capex and labor costs, with the remainder absorbed by profit margins....
...It is worth asking whether the failure to enact growth-enhancing measures is itself a function of becoming rich and democratic. Indeed, might there exist some sort of “upper-income trap”?...
...First, the broader set of labor market data suggests that job growth is likely to remain strong....
...India’s economic growth blew past forecasts in the final quarter of 2023, supported by robust manufacturing and construction activity despite weak consumer spending....
...In Friday’s release, the Bureau of Labor Statistics downgraded the new jobs total for January from a blockbuster initial reading of 353,000 to 229,000....
...Non residential fixed investment and state and local government spending were stronger than expected, but consumer spending growth ticked down to 3.6 per cent from 4 per cent in the advance estimate....
...China’s military budget, meanwhile, will expand by 7.2 per cent, matching last year’s rise and continuing a three-decade run of annual growth of at least 6.6 per cent....
...Analysts at Oxford Economics expect policymakers to aim for lower growth than last year’s target of “about 5 per cent”, arguing that a target range of 4.5 to 5 per cent “could provide policymakers the space...
...In 1964, Harold Wilson argued that the Treasury was too powerful, creating the Department of Economic Affairs....
...Other than funding constraints, she told MPs the main problem was that officials still saw it as risky to share data with other government departments, either because of privacy concerns or worries that...
...Speaking at an investment forum in Jakarta, Prabowo also promised a smooth transition from the current government of Joko Widodo and said his administration will build on the strong economic foundations...
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