A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers' worries that higher inflation could become persistent.

When the Fed last met in October, Chair Jerome Powell asserted that another rate cut in December was "not a foregone conclusion," pointing to "strongly differing views" within the central bank.

Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised concerns about how AI will impact the market, said Veronica Nilsson, General Secretary of the Trade Union Advisory Committee (TUAC) to the OECD. She spoke with TRENDS on the sidelines...

Geneva, Switzerland – The global economy is set to face significant challenges in 2025, with 56 percent of chief economists surveyed expecting conditions to weaken, according to the latest Chief Economists Outlook from the World Economic Forum. Only 17 percent foresee an improvement, pointing to heightened uncertainty in key regions and...

Riyadh, Saudi Arabia -- Unemployment rate among Saudi nationals reached 7.8 percent in the third quarter of 2024, a year-on-year increase of 1 percentage point from the similar period last year. Data released by the General Authority for Statistics (GASTAT) said that the Saudi and non-Saudi labor force stood at...

The Labor Party has officially won enough seats in the UK’s 2024 general election to have a majority in parliament, as vote counting continues. Labor Leader Keir Starmer will become prime minister and can form a majority government, AP reported. Like Blair, who refashioned the party as “New Labor” in...

Geneva, Switzerland -- The war in Gaza has seen the unemployment rate in the besieged Palestinian territory surge to nearly 80 percent, the United Nations said Friday. The UN's labour agency said the war between Hamas and Israel had "caused loss of jobs and livelihoods on a massive scale". Since the...

MOSCOW, RUSSIA – Russia's central bank held interest rates unchanged on Friday as Moscow's military offensive on Ukraine has led to stubbornly high inflation and labor shortages. The central bank raised rates to 16 percent in a series of hikes last year to cool the pace of price rises. Analysts are...

Dubai, UAE -- Ministers of labor and human resources from 16 Asian countries sending and receiving workers have called for using advanced technology in innovative initiatives aimed at resolving labor disputes and expediting verdicts. They also aimed to strengthen wage protection systems and facilitate skill mobility among participating countries. The...

Riyadh, Saudi Arabia - Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical role in the national economy, who, according to the kingdom's Minister of Human Resources and Social Development, Eng. Ahmed Al-Rajhi, constitute 44% of the population and 78% of the workforce...

Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021, and its highest level since at least 2005, according to International Migration Outlook 2023. Fifteen 15 out of the 38 OECD countries registered in 2022 their highest levels of permanent...

The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labor market outcomes," the jury said. Goldin's research showed that female participation in the labor force had not always followed an upward trend.

Washington, United States - Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices. The consumer price index (CPI), a key inflation gauge, jumped 3.7 percent from a year...

GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to the nationals.

Abu Dhabi, UAE -- The Ministry of Human Resources and Emiratization (MoHRE) of the UAE and job search and recruitment platform Bayt.com have signed an MoU to enhance the retention of competent talent working in the Emirates' labor market. The MoU was signed by Khalil Al Khoori, Undersecretary of MoHRE...

Doha, Qatar--Qatar National Bank (QNB) Group foresees a recession in the US economy during the upcoming 12 months, pointing out that the US economy continues to demonstrate its resilience despite significant headwinds from high inflation, tighter financial conditions, and an uncertain global environment. In its weekly commentary, QNB added that...

The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool inflation after Russia's war in Ukraine sent energy and food prices surging.

Tehran, Iran-- Qatar and Iran have agreed to bolster ties in the labor sector with the aim of raising capacities, exchanging experiences, developing a consultation mechanism between the two countries, exchanging experiences in the field of vocational and technical training and training centers. In this connection, the Qatari-Iranian Joint Committee...

GENEVA, SWITZERLAND  -  The UAE has signed a cooperation agreement with the International Labor Organization (ILO) to collaborate in labor inspection and occupational health and safety. The agreement, signed by UAE's Ministry of Human Resources and Emiratization (MoHRE) in the presence of its minister Dr. Abdulrahman Al Awar, aims to...

Dubai, UAE-- Qatar and Iran intend to expand cooperation in the fields of labor, employment, and exchange of skill-training experiences. The issue was discussed during a meeting between the Iranian minister of labor and his Qatari counterpart in Geneva, emphasizing the expansion of cooperation in the fields of labor, employment....

Hiring in the United States heated up again in May, according to government data released, with the strong labor market defying expectations of a slowdown amid efforts to cool the world's biggest economy. The jobs market has been surprisingly robust even as regulators have worked to ease demand and tamp...

BRUSSELS, BELGIUM -  The European Commission boosted its 2023 economic growth outlook for the eurozone on Monday but it also raised the inflation forecast for the single currency area. The EU executive's spring forecast is more optimistic than that issued late last year, despite inflation proving "stickier than expected" in its...

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. The award aims to recognize the...

TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the south of the country, local media reported on Sunday. "Eight main leaders of the workers' strike in the South Pars projects have been arrested by the intelligence services," Akbar Pourat,...

DUBAI, UAE -  The UAE has topped several global labor market indices issued by international entities and institutions in a new accomplishment that reflects UAE’s pioneering global model for development. The UAE ranked first globally in the Talent Attractiveness Index as per the Global Prosperity Index 2023, issued by the...

Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might put at risk about 10 million jobs in the GCC.

AMMAN, JORDAN -  The ninth session of the Joint Jordanian-American Committee, which was held in the United States, discussed cooperation in trade, agriculture, food security and labor.Secretary General of the Ministry of Industry, Trade and Supply Dana Zoubi chaired Jordan's delegation and Deputy Representative of US Trade Jayme White represented...

ABU DHABI, UAE - Labor disputes in Abu Dhabi plunged by 40 percent in 2022 compared to the same period in 2021, local media reports said. This follows awareness efforts which contributed to strengthening the legal knowledge of workers and companies, and introducing them to their rights guaranteed by the...

Dubai, UAE -- Saudi Arabia's unemployment rate dropped in the fourth quarter of 2022, compared to the previous quarter, mainly due to government activities and private sector hiring, the kingdom's General Authority for Statistics said Thursday. Saudi Press Agency reported that despite the global economic challenges, including those prevailing in...

The Middle East has made significant progress in advancing gender diversity in the workplace through measures such as generous parental leave policies and flexible working arrangements. While the progress is commendable, experts believe that there are still hurdles to overcome to ensure greater representation of women in executive and board...

Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn up the hawkish rhetoric, and the market has responded by raising the expected terminal Fed funds rate while at the same time sending bond yields and the dollar higher, he...

“Increasing student competence in Arabic is a top priority; it's a crucial component of the UAE's national identity,” adds Sheikh Abdullah, who is also the Chairman of the Education and Human Resources Council, while highlighting the importance of keeping the standard of education system high.

With an intensified focus on end user quality of experience while increasing protection from cyberattacks, IT will look to a single centralized management system with visibility across the network and the ability to configure edge-to-cloud QoS and security policies, adds Hughes.

The participating Gulf countries highlight labor reforms to ensure protection of workers at the 17th Asia and the Pacific Regional Meeting of ILO in Singapore.

Doha, Qatar— After fierce criticism of the Qatar World Cup, the head of the UN labour agency on Sunday pressed FIFA's president for a greater role scrutinizing future World Cup hosts. International Labour Organisation director general Gilbert Houngbo told AFP before meeting with Gianni Infantino that Qatar has been a victim...

DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration between the two countries. Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers through the exchange of best practices in...

Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers during high-level meetings in the UAE.

The secretary general of the Gulf Cooperation Council condemned remarks by Germany's interior minister on the World Cup due to be hosted in Doha. Qatar summoned Germany's ambassador to protest against comments made by Interior Minister Nancy Faeser casting doubt on whether the Gulf state should host the football World...

She became the shortest-lived premier in UK history. The Conservative party vowed a rapid election to have a new leader chosen by October 28, avoiding the drawn-out contest that saw Truss defeat Rishi Sunak over the summer following Boris Johnson's own resignation.

Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should be decided through peace talks between Israelis and Palestinians, and not through unilateral decisions. The country's Foreign Minister Penny Wong said it supports a two-state solution.

Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market, setting the stage for further interest rate hikes. Equity markets have taken a battering as the US Federal Reserve has made it clear it intends to continue raising interest rates...

UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis on queries of employers and employees in the private sector and citizens seeking jobs.

Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of the regulators of priority sectors in the localization of jobs. Announcing the launch, labor minister Dr. Ali bin Saeed bin Smaikh Al Marri said the sectors involved are services, tourism...

Ten vending machines were installed last week in supermarkets, with a computer touch screen allowing people to select different types: loaves for sandwiches, pitta bread or flat Indian-style chapatis.

The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the future challenges of the labor markets across the globe.

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is published annually by United Nations Development Program (UNDP).

A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent. In addition to automating repetitive, low value activities, the right solution can also empower you to deliver better employee experiences, Nombika adds.

Bahrain and Saudi Arabia have discussed ways to enhance technical cooperation in the areas of job localization programs and labor market regulation, as well as plans to integrate job seekers and develop human resources. The discussion took place during a meeting between Bahrain’s Minister of Labor and Chairman of the...

The figure is still six million higher than the pre-pandemic level of 2019, with the recovery in youth unemployment lagging behind the bounceback in other age groups. Between 2019 and 2020, those aged 15 to 24 experienced a much higher percentage loss in employment than the rest of the labor...

Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look into the draft law regulating the investment environment.