employment news and archive

Rising competition from China creates employment problems, according to the ECB

According to a recent study by the European Central Bank (ECB), trade tensions with the US, leading China to export more to the Eurozone, may cause problems. This could lead to fewer job opportunities for Europeans and increased unemployment. The study, by ECB senior economists Clémence Berson, Claudia Foroni, Vanessa Gunnella and Laura...

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US adds 224,000 jobs added in June, exceeding expectations

Good news for retailers: it looks like the American economy is going better than expected. Employers added 224,000 jobs in June, according to the US Census Bureau, when economists had expected a gain of just 170,000 following May’s unexpectedly weak gain of 75,000. The unemployment rate is near a five-decade low at 3.7 percent, up slightly from...

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Gap expands its job program for disadvantaged youth to 53 cities worldwide

Gap Inc has announced plans to expand “This Way Ahead”, an on-the-job training program aimed at 16 to 24 year-olds from low-income households. The company aims to extend the program from 15 to 53 cities in the US, Canada, Japan and UK, until the end of the year. Launched in 2017, the initiative is part of Gap’s plans to make its workforce more...