Nominal Wage

Concerns arise over next phase of UK easing restrictions

Remarks / Observations – Germany, April factory orders fell unexpectedly in April. – UK housing data in Halifax continue to be boosted by the extension of the stamp duty exemption. – British Prime Minister Johnson said he was under pressure to leave certain Covid measures in place amid further evidence …

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No need to extend merger review suspension – PCC

Through Jenina P. Ibañez, Journalist MERGERS that have avoided government control, as a suspension of certain exams could be difficult to relax, said a competition oversight commissioner as he urged Congress to retain the agency’s authority to assess mergers in the Bayanihan III bill. Johannes Benjamin R. Bernabe, commissioner at …

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Biden’s backdoor to pay increases

“The ‘shortages’ we see in low-paying jobs and the wage pressures that go with them are a harbinger of success” for the president’s agenda, said Julia Coronado, founder of MacroPolicy Perspectives. This success may be short-lived. Higher wages could be one of the main factors putting pressure on the Federal …

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Fed’s Mester Calls May Jobs Report “Strong”, Sees No Sign of Inflation Pushing Wages

Cleveland Fed Chairman Loretta Mester on Friday called May’s jobs report “strong” but said she would like to see further improvements “Progress continues to be made on the labor front, which is great news, but I would like to see further progress,” Mester said in an interview on CNBC. While …

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Nearly half of U.S. states will end federal unemployment assistance

A “Help Wanted” sign is displayed next to coronavirus safety instructions outside a restaurant in Los … [+] Angeles, California, May 28, 2021. – After more than a year of restrictions due to the coronavirus pandemic, many jobs in restaurants, retail stores and bars remain vacant despite high unemployment in …

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Rural employment program: curious gap between “offers” and recovered work

The budgetary expenditure for the program in 2021-2022 is Rs 73,000 crore. Only 69% of people who were “offered” a job under the rural employment guarantee scheme (MGNREGS) presented themselves until June 1 of the current fiscal year, compared with around 85% in the previous year. over the past two …

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Biden’s budget plan could lead the US to lower growth and fewer jobs

Biden’s budget plan could lead the US to lower growth and fewer jobs The first thing any economist should do when reading a budget proposal is to analyze the basic macroeconomic assumptions and the results presented by the administration. When macroeconomic assumptions and results are poor, the budget should be …

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California’s Comerica Bank index climbs

DALLAS, June 1, 2021 / PRNewswire / – The Comerica Bank California Economic Activity Index rose in March to 108.0. The March reading is 17% above the all-time low of 92.7 set in June 2020. The index averaged 107.8 points in 2020, 18.9 points below the average for all of …

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Rising pensions will cut wages: Treasury

Dr Kennedy said that every 0.5 percentage point annual increase in the super guarantee would lead to 0.4 percentage point lower wage growth each year. “The super guarantee increases are reflected in our salary forecast,” said Dr. Kennedy. “Obviously, it’s always people’s income, but they go into super and they …

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Will Indonesia’s Omnibus Reforms Support Recovery From COVID-19?

Author: Roland Rajah, Lowy Institute Indonesia’s new “ omnibus job creation law ” has been spoils by the public controversy that surrounded its passage at the end of last year. The government nonetheless hailed the law as a major regulatory overhaul that would attract foreign investment and create jobs. In …

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