Low Hiring Rates

South Korea approved a Seoul city plan on Friday to let 100 foreign domestic workers into the country through a pilot programme aimed at boosting birth rates by helping more women rejoin the workforce.

Microsoft President Brad Smith says the US companies are facing a "new era", when there are fewer people entering the workforce, but the pressure to pay higher salaries may become permanent. He states major markets overseas have seen outright labour force declines.

Unemployment in the United States fell to a fresh 17-year low in April amid steady hiring, welcome news for the White House that also could increase the chance of faster interest rate hikes.

Hiring activity registered a seven per cent decline in December amid uncertainty and this trend may continue for few more months, says a Naukri.com report.

US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.

Strong economic growth and improved hiring sentiments in the US likely played a major role in the rate hike, analysts say. Unemployment rate in the US is at a seven-year low of 5 per cent.

US employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 per cent.

Still, hiring last month was enough to lower the unemployment rate. The Labor Department said Tuesday that the rate fell to 7.2 percent from 7.3 percent in August. Unemployment remains historically high but is near a five-year low and is down from 7.9 percent at the start of 2013.

The rate of unemployment claims in the US have fallen sharply, dropping to 8.3 per cent in January from 9.1 per cent in August.

Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the US economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt US manufacturers. The pace of hiring has slowed sharply...

South Korea approved a Seoul city plan on Friday to let 100 foreign domestic workers into the country through a pilot programme aimed at boosting birth rates by helping more women rejoin the workforce.

Microsoft President Brad Smith says the US companies are facing a "new era", when there are fewer people entering the workforce, but the pressure to pay higher salaries may become permanent. He states major markets overseas have seen outright labour force declines.

Unemployment in the United States fell to a fresh 17-year low in April amid steady hiring, welcome news for the White House that also could increase the chance of faster interest rate hikes.

Hiring activity registered a seven per cent decline in December amid uncertainty and this trend may continue for few more months, says a Naukri.com report.

US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.

Strong economic growth and improved hiring sentiments in the US likely played a major role in the rate hike, analysts say. Unemployment rate in the US is at a seven-year low of 5 per cent.

US employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 per cent.

Still, hiring last month was enough to lower the unemployment rate. The Labor Department said Tuesday that the rate fell to 7.2 percent from 7.3 percent in August. Unemployment remains historically high but is near a five-year low and is down from 7.9 percent at the start of 2013.

The rate of unemployment claims in the US have fallen sharply, dropping to 8.3 per cent in January from 9.1 per cent in August.

Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the US economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt US manufacturers. The pace of hiring has slowed sharply...