Canadian Wages Continue Upward Trend with 4.1% Growth in November
Canadian workers saw their average hourly wages rise to $35.68 in November, marking a 4.1% year-over-year increase amid a mixed employment landscape. The steady wage growth suggests employers are maintaining competitive compensation despite moderate job gains and a slight uptick in unemployment.
Canada's Labor Market Paradox: Job Growth Overshadowed by Rising Unemployment
Canada's unemployment rate hit 6.8% in November 2023, the highest since 2017, despite adding 50,500 new jobs. The surge in joblessness was driven by labor force expansion outpacing job creation, while wage growth showed signs of cooling.
Bezos Backs Trump's Deregulation Agenda in Surprising Show of Support
Amazon founder Jeff Bezos made a striking pivot by endorsing Donald Trump's regulatory vision at the DealBook Summit, marking a significant shift from their previously antagonistic relationship. The billionaire joins other tech leaders like Musk and Zuckerberg in aligning with Trump while expressing optimism about the former president's evolved demeanor.
Tokyo Pioneers 4-Day Workweek to Combat Demographic Crisis
The Tokyo Metropolitan Government is implementing a groundbreaking four-day workweek policy for government employees starting April, aiming to support working parents and address Japan's declining birth rates. The initiative represents a major shift from Japan's traditionally rigid work culture and could inspire nationwide workplace reforms.
U.S. Job Market Shows Resilience with 227,000 New Jobs in November Despite Rising Unemployment
The U.S. economy demonstrated remarkable strength in November, surpassing expectations with 227,000 new jobs across healthcare, leisure, and government sectors. While unemployment ticked up to 4.2%, robust wage growth and positive market responses signal continued economic resilience.
The Great Detachment: U.S. Job Market Stalls Despite Low Unemployment
Despite historically low unemployment rates, American workers face unprecedented challenges in job hunting and workplace satisfaction. The shift from the Great Resignation era marks a period of widespread disconnection, slower hiring, and diminishing opportunities for career transitions.
Spain's Labor Market Triumph: Unemployment Hits 17-Year Low Despite Seasonal Challenges
Spain's unemployment rate reached its lowest November level since 2007, with just 2.59 million jobless individuals and total employment exceeding 21.3 million. The robust job market showed remarkable resilience despite seasonal tourism declines, with education and trade sectors helping offset losses while self-employment grew.
Gen Z's Credit Card Crisis: Young Americans Face Unprecedented Debt Levels
TransUnion data reveals Gen Z consumers aged 22-24 now carry 26% more credit card debt than millennials did at the same age. This growing reliance on credit cards, coupled with high interest rates and rising living costs, poses serious risks to the long-term financial stability of young Americans.
Cash Tops Holiday Wish Lists as Young Americans Prioritize Financial Flexibility
A LendingTree survey reveals that 49% of Americans, particularly Gen Z and millennials, prefer cash gifts this holiday season, with most planning to use it for bills or personal purchases. Economic pressures are reshaping holiday traditions as nearly one-third of Americans opt out of gift-giving due to high costs.
