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Recent Editions
Human Times
North America
Growth in U.S. labor costs cooled unexpectedly in the fourth quarter, posting the smallest annual increase in four and a half years as easing demand for workers restrained wage gains. The Labor Department's Employment Cost Index rose 0.7% in the final three months of the year, down from 0.8% in the previous quarter and below economists’ expectations. On an annual basis, labor costs increased 3.4% through December, the weakest pace since mid-2021. Wages and salaries, which make up the bulk of labor costs, showed a similar slowdown, while a softer labor market was reflected in fewer job openings per unemployed worker. Despite the easing in wage pressures, higher import tariffs have continued to lift goods prices, keeping inflation elevated.
Full Issue
Human Times
UK
People in the UK are far more concerned about immigration than people in other countries with similar levels of migrants, according to a Gallup poll. According to Gallup's inaugural World’s Most Important Problem report, just over one in five Britons (21%) named immigration as their No. 1 concern, statistically tied with mentions of the economy (23%). In only six other countries, including the Netherlands (13%), Portugal (12%) and Ireland (11%) do at least one in 10 adults name immigration as the most important national problem. Nevertheless, the poll found that despite high levels of national concern, most Britons said immigration is a good thing - a sentiment that grew over time between 2016 and 2023.
Full Issue
Human Times
Europe
Switzerland is to hold a referendum in June on whether to cap its population at 10m until 2050 by limiting immigration. The referendum has been triggered automatically because more than 100,000 citizens have signed a petition in support of a vote. Opponents of the move say it could threaten crucial agreements with the European Union and make it harder to attract foreign workers to fill labour shortages. The petition was promoted by the Swiss People’s Party, a right-wing party that holds roughly a third of seats in the Swiss Parliament.
Full Issue
Human Times
Middle East
AI-related job postings in the UAE have increased from 5,000 to 10,000 between 2021 and 2024, primarily in white-collar sectors. James Randall, Middle East sales director at HireRight, noted that employers are competing for a limited pool of talent, leading to faster hiring timelines. Despite a global trend towards skill-based hiring, 84% of AI-related job postings still require degree qualifications. Randall emphasised the importance of verifying credentials and experience, saying: "Employers are placing greater emphasis on validating credentials . . . to ensure they are hiring genuine capability."
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