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Recent Editions
Human Times
North America
The U.S. labor market continued to show resilience in May, adding 172,000 jobs, well above economists’ expectations of 80,000, while the unemployment rate remained unchanged at 4.3%. The Labor Department report stated that leisure and hospitality led hiring with 70,000 new jobs, supported by seasonal demand and preparations for the upcoming World Cup. Healthcare and social assistance added 47,000 positions, while local government employment rose by 55,000 jobs. Construction also posted gains for a third consecutive month. Several sectors saw declines, however, including retail, finance, and information services. Air transportation employment fell by nearly 9,000 jobs, reflecting the impact of Spirit Airlines’ collapse. The report also included significant upward revisions to prior months, with March job growth revised to 214,000 and April revised to 179,000, indicating stronger labor market momentum than previously reported. The stronger hiring data has shifted attention at the Federal Reserve from potential interest rate cuts toward the possibility of future rate increases, particularly as inflation pressures persist. Treasury yields rose following the report as investors increased expectations that the Fed could tighten policy later this year.
Human Times
UK
Permanent hiring has fallen to its lowest level in 10 months, according to research by KPMG and the Recruitment and Employment Confederation (REC). Permanent hiring came in at 44.1 in May, the lowest figure since July last year, on an index where a reading below 50 signals contraction. The report shows that companies are increasingly opting for temporary workers due to low confidence in the economy, with the conflict in the Middle East pushing up inflation. Shop worker roles have been particularly affected, with high street businesses hit by higher minimum wage costs, taxes and energy bills. Neil Carberry, chief executive of the REC, said: "The clearest story in the economy right now is momentum being held up by uncertainty." Jon Holt, group chief executive and UK senior partner at KPMG, said: "Ongoing global and domestic uncertainty is making businesses more cautious, and that is increasingly reflected in hiring decisions."
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Human Times
Europe
Permanent hiring in the UK has fallen to its lowest level in 10 months, according to research by KPMG and the Recruitment and Employment Confederation (REC). Permanent hiring came in at 44.1 in May, the lowest figure since July last year, on an index where a reading below 50 signals contraction. The report shows that companies are increasingly opting for temporary workers due to low confidence in the economy, with the conflict in the Middle East pushing up inflation. Shop worker roles have been particularly affected, with high street businesses hit by higher minimum wage costs, taxes and energy bills. Neil Carberry, chief executive of the REC, said: "The clearest story in the economy right now is momentum being held up by uncertainty." Jon Holt, group chief executive and UK senior partner at KPMG, said: "Ongoing global and domestic uncertainty is making businesses more cautious, and that is increasingly reflected in hiring decisions."
Full Issue
Human Times
Middle East
The Ministry of Higher Education and Scientific Research (MoHESR) in the UAE is developing a new framework to connect universities with local job market demands. A recent workshop, "Industry Immersion for Impact," gathered 40 representatives from higher education and industry to discuss enhancing faculty engagement with industry practices. Ibrahim Fikri, Assistant Undersecretary, said: "Rapid labour market changes require education models that reflect industry realities." The initiative aims to improve academic programmes and prepare students for future careers by integrating industry experience into faculty professional development.
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