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Recent Editions
Human Times
North America
U.S. services activity slowed in December, with the S&P Global Services PMI falling to 52.5 – its weakest reading since April, but above the 50-mark separating expansion from contraction – as new business inflows and hiring momentum faded. Export demand contracted sharply, and employment growth stalled for the first time in nine months. Rising input costs and tariffs drove the fastest increase in service prices since August, while business confidence softened amid growing concerns over policy, affordability, and economic resilience heading into 2026.
Full Issue
Human Times
UK
Employers are preparing for layoffs as payroll costs rise, according to the Institute of Directors' monthly business confidence survey. Headcount expectations fell from -17 in November to -21 in December, indicating a potential increase in unemployment. Anna Leach, chief economist at the IoD, commented: "Hiring freezes remain widespread, amidst concern over further cost increases." Business confidence remains low, with a score of -66, reflecting ongoing economic challenges. When asked what would have the greatest impact on business confidence in 2026, Leach said "top of the list were a lower tax burden and scaling back the proposed changes to employment law." She added: "More promisingly, improvements in regulation, trade deals with the EU, lower tax complexity and lower business costs were also high up the list – areas where the government has stated ambitions and where tangible progress could begin to rebuild confidence."
Full Issue
Human Times
Europe
The Organisation for Economic Co-operation and Development (OECD) has recommended that Portugal enhance the integration of older workers, the long-term unemployed, and young people into the local labour market. In its 'Economic Survey', the OECD noted that labour shortages and an ageing population could hinder Portugal's economic growth. Key sectors including manufacturing, construction, and healthcare are particularly affected. The OECD suggested measures such as lifelong learning policies and incentives for longer working lives. It emphasised the need for improved adult education quality and better working conditions to support older workers and reduce income inequality.
Full Issue
Human Times
Middle East
Saudi Arabia ranks 44th globally in remote work, and leads the Arab world due to advancements in cybersecurity and strong economic infrastructure. By the second quarter of 2025, 190,000 employees worked remotely, with women making up 85% of this workforce. The Kingdom's Vision 2030 has further propelled remote work through regulations and initiatives by the Ministry of Human Resources. However, a study from the Massachusetts Institute of Technology found that remote work can reduce productivity by 18%. Despite challenges, remote work remains a stated priority for Saudi leadership, with initiatives supporting digital nomads and local talent.
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