labour market

US payrolls

Workers Of The World Unite! How The Post-Pandemic Recovery Is Increasing The Bargaining Power Of Labour

Katherine Davidson (Schroders) | More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. It may seem counter-intuitive, but the post-pandemic recovery is seeing a shortage of labour – pushing up wages and shifting the balance of power in workers’ favour for the first time in decades.


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The OECD Makes A Full Amendment To The Approaches Of The Spanish Ministry Of Labour

The Secretary General of the OECD, Ángel Gurría, yesterday presented the “Economic Survey of Spain 2021” together with the Vice-President for Economic Affairs, Nadia Calviño. The document is an amendment to the labour policy proposed by the Spanish government in its entirety. It warns of the high impact of the coronavirus crisis on the Spanish economy and rejects a tax hike until the economic recovery is consolidated. It also asks…


eurozone labour market

The Eurozone’s Labour Market: Large Inequalities Between Sectors

At first glance, the “scar” on total employment looks set to be less deep than after the 2008 financial crisis. However, at the sectorial level, the shock may turn out to be deeper or longer lasting. One example is tourism, one of the sectors most affected by the pandemic and one of the most labour-intensive. These sectorial divergences may have consequences for the pace of recovery in European countries depending on their degree of exposure to tourism.


distributionTC

Growth versus distribution

Why should we fuel growth? Is this the only economic goal? Wouldn’t it be fairer to boost distribution? Larry Summers says there are almost always “trade-offs” in economy, but not as far as this is concerned. Growth is the best social policy.


UK US labour markets

US and UK separated by a common labour market performance?

LONDON | June 19, 2015 | UBS | There are some striking similarities currently between the US and UK labour markets. The unemployment rates are broadly the same, employment growth is similar, and the level of vacancies suggests continued jobs growth in both countries. Moreover, there are solid signs that pay growth has picked up in both the UK and US. 



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Labour market as a guide to the monetary policy

MADRID | By Luis Arroyo | Experts at Afi made an analysis of the US’ labour market to forecast a possible turn in the economic policy. The answer is that such market is yet far from standardization. We can see three different moments according to the standard deviation in the chart above.


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The myth of lower wages and job creation

MADRID | By Luis Arroyo | Lower salaries do not always bring more employment. This is a myth. The liberalisation of the labour market is altogether another matter, and in some Eurozone countries–as Spain–we are still waiting for it to be implemented.