Latest reports on the Canadian labour market outperformed expectations by the end of the year. The country’s unemployment rate was at its lowest level in more than four decades, becoming the reason for the BoC to consider further rate increases more willingly.
Switzerland has moved a step closer to breaking free of the European Union (EU) after the government allowed proponents of a campaign to curb immigration to start canvassing public support for a referendum.
The country is not a member of the EU but currently has open borders with the bloc as a price for access to the Single Market. However, the populist Swiss Freedom Party (SVP) have been pushing for a referendum on the matter.
Citigroup will boost job compensation for women and minorities in a bid to close pay gaps in the U.S., United Kingdom, and Germany, becoming the first U.S. bank to respond to shareholder pressure about the inequalities.
The New York-based financial company announced the effort Monday, saying it had conducted a survey in the three countries, where it found that women and minorities are paid only slightly less than their male and non-minority counterparts.
Iceland has become the first country in the world to legalize equal pay for men and women; the legislation on its first day of 2018 passed a new law making it illegal to pay men more than women.
According to the law passed on Monday, companies and government agencies employing at least 25 people will have to obtain government certification of their equal-pay policies.
The European Union’s top court has ruled that Uber should be regulated like a transportation service. That means the ride-sharing service must comply with tough rules that govern traditional taxi associations. Uber had argued that it’s a technology platform that connects independent drivers with passengers. The landmark ruling will require Uber to treat its drivers more like employees. The decision cannot be appealed.
Looking ahead to the beginning of 2018, it seems that employers in industries across the board are expecting to add jobs, with certain sectors more likely to hire than others.
The global economy will probably expand this year by 2.7%, the World Bank says. Assuming the growth lives on into 2018, a healthy share of the world’s employers plan to step up hiring in the first three months of the year, American recruiting firm ManpowerGroup found in surveys released last week.
Fewer than 4,600 banking jobs will be moved out of London because of Brexit, according to new research. That figures represents just 6% of the total number of people employed by big international banks in the City – and is far below previous, gloomier predictions.
Swiss employers are expecting an upswing in recruitment in the first three months of 2018, the most upbeat they have been for seven years, a survey showed Tuesday.
The report by the Swiss recruitment agency Manpower consulted 759 employers, predicting the outlook for recruitment in the first quarter of 2018 to be three percent, the most optimistic forecast since the first quarter of 2011.
