On the verge of the next rate increase, Fed’s Powell advised protecting jobs
Sherrod Brown, chair of the U.S. Senate Banking Committee, asked Federal Reserve chairman Jerome Powell on Tuesday to exercise caution when tightening monetary policy sufficiently that it causes millions of Americans already experiencing rising inflation to lose their jobs.In the letter, which was also submitted to the Federal Reserve’s Board of Governors and made publicly […]
More U.S. businesses charge workers for job training if they leave
Simran Bal was astonished to learn that a beauty salon in Washington State had charged her $1,900 for lessons after she had left. Bal claimed that the training was of low quality and was solely relevant to the shop because she was already a licenced esthetician and had no need for them. Bal’s tale is […]
U.S. employment postings drastically decrease; the labour market begins to relax
The number of job vacancies in the United States decreased in August by the greatest in over 2-1/2 years, indicating that the labour market was beginning to cool as the economy struggled with rising interest rates intended to stifle demand and control inflation.Vacancies remained over 10 million for the 14th consecutive month, even though the […]
Canada battles with retirement haste, not the lack of employment
Canada is battling its own, older, greyer version of the Great Resignation, The Great Retirement, more than a year since it took root in the United States.The labour force in Canada increased in August but decreased in the two preceding months and is still lower than it was before the summer due to tens of […]