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Paige Fusco

Graphic Truth: Apprenticeships are on the rise

Whether it’s the price of college, the promise of the gig economy, or simply the desire to get paid while training, apprenticeships are having a moment. In the US, this surge has coincided with an 8% drop in undergraduate college enrollment; in Canada, it comes amid high youth unemployment.

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A "Help Wanted" sign hangs in a restaurant window.

REUTERS/Brian Snyder/File Photo

Jobs are up, but Biden and Trudeau still risk losing theirs

January was an encouraging month for job growth in the US and Canada. The Bureau of Labor Statistics reported 353,000 new jobs stateside with unemployment holding steady at 3.7%. Meanwhile, Statistics Canada says jobs were up by 37,000 during the same period and unemployment was down to 5.7% – a modest drop of 0.1%. Both countries exceeded expectations.

You might think better-than-expected economic news would herald brighter fortunes for President Joe Biden and Prime Minister Justin Trudeau, but you would almost certainly be wrong. Both men’s polling numbers are nowhere near where they’d like them to be.

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US job growth slows for a fifth straight month, but labor market remains strong.


What We’re Watching: US jobs report & new China, Afghan energy extraction deal

Jobs report: US labor market remains strong

The Fed’s interest rate hikes, designed to battle inflation, have slowed US job growth for a fifth straight month. The American economy added 223,000 jobs in December, well below last year's peak of 714,000 in February but still above expectations of around 200,000. The December numbers put the monthly average for 2022 at 375,000. A slowdown has been in effect since last August, but the labor market is still hot: 4.5 million jobs were created last year, the second highest since 1940. Such resilience likely means more interest rate hikes are to be expected. Meanwhile, the unemployment rate hit a historic low of 3.5%. The leisure and hospitality industry saw the biggest job gains, followed by healthcare and construction, while retail, manufacturing, transportation, and warehousing saw the least. President Joe Biden said the historic job gains are giving American families more “breathing room” amid the “cost-of-living squeeze.”

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COVID upended the job market & focused employers on skills
Pandemic Put Skills Top of Mind in a Job-Seeker’s Market — LinkedIn Exec | Global Stage| GZERO Media

COVID upended the job market & focused employers on skills

COVID had few silver linings. But perhaps one of them is that it upended the labor market in ways that, for once, favored workers over employers.

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Hard Numbers: Piling on Beijing, 7th time’s the charm for Boris, massacre in Myanmar, US unemployment claims drop

5: Five countries — Australia, Canada, the UK, New Zealand and Lithuania — have so far joined the US in refusing to send government officials to the Beijing Winter Olympics in February over China’s human rights abuses. China’s Foreign Ministry on Thursday said these states would “pay the price” for the diplomatic boycott.

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Ari Winkleman

The Graphic Truth: Can we work only 4 days a week?

This fall Spain plans to launch what will be the world's first national pilot program for a four-day workweek. The idea has gained popularity in recent years to encourage productivity, boost workers' mental health, and fight climate change (less commuting means less pollution). The pandemic, particularly with its stresses on mental well-being, has added urgency to the proposal. That's why other countries — especially those with strong labor protections and short workdays — are paying close attention to the experiment, under which the Spanish government will subsidize part of a company's cost to transition its employees to a four-day workweek. Here's a look at how long workers are generally on the job in other OECD countries (without accounting for paid leave in any of them).

South Korean youth trapped in unemployment hell made worse by Covid-19, changes in recruitment

November 29, 2020 5:00 AM

Landing a job, not to mention a dream job, is nowadays a mean feat for young people in South Korea.

'Hell Joseon': Coronavirus dashes young Korean's dream of working in US

November 29, 2020 5:00 AM

SEOUL - Living in New York and about to complete her post-graduate studies in political science earlier this year, Ms Lee Hyun-a was ready to find a job in the big apple and start the new chapter of her life there.

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