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Economics Gazette

Economy and Business news

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November 19, 2019

Employment

posted workers

The EU plans to halve the posted workers period

The European Parliament has announced that they have agreed with the Council of the EU on the prepared amendments to the Posted Workers Directive. According to the changes, the posting of workers abroad will be reduced twice – from two years, as it is now, to one year. Under the new rules, after the expiry

US jobless claims

Number of US jobless claims has fallen last week

The number of US jobless claims has fallen last week, indicating that labor tightening continues, although US economic growth in the first quarter seems to slow down. Other data, also published on Thursday, revealed that commodity prices rose in February, heightening expectations that inflation will accelerate this year. A strong labor market and a steady

labor costs

Labor costs in the EU grew by 2.3% in Q4 2017

The labor costs in the European Union (EU) grew by 2.3% in Q4 2017, while those in the Eurozone expanded by 1.5%, shows the latest Eurostat data. The fastest increase was reported in Romania (14.3%) and Bulgaria (12.2%). However, decreases were registered in Finland (-0.7%) and Italy (-0.2%). The labor costs include two main components

job vacancies

The EU job vacancies remain unchanged in Q4 2017

The European Union job vacancies remain unchanged in Q4 2017 at a level of 2%, according to the data from the statistical agency Eurostat. For the previous period from July to September, the indicator for the 28 member states was the same, although there was a slight increase on an annual basis. At the end

US jobs

New jobs in the US grew by biggest pace in more than 18 months

The new jobs in the US grew by biggest pace in more than 18 months, but slowing wage growth has shown that inflation will accelerate gradually this year. The new jobs outside agriculture increased by 313,000 in February due to the largest increase in the number of construction workers since 2007. The recruitment of new

US unemployment claims

US unemployment claims are rising more than expected

The US unemployment claims are rising more than expected from the 48-year low that they have reached, but their numbers continue to signal a tightening of the labor market, according to US Department of Labor data. The number of applications has increased by 21,000 to the seasonally adjusted 231,000, which is the biggest increase in

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