1 CIBC: The #Canadian #labourmarket came back to life in September, although a rebound in participation kept the #unemployment rate elevated. The 60K gain in #jobs was well above the consensus forecast (5K) and even our own more optimistic view. The composition was also strong … 🧵 #cdnecon
#LabourMarket
Breaking: Unemployment rate steady despite jobs losses in August
By Michael Janda
Australia's unemployment rate remains steady at 4.2 per cent in August, despite more than 5,000 jobs being lost last month.
#EconomicTrendsandIndicators #Unemployment #LabourMarket #MichaelJanda
2 Desjardins: The accompanying communications cited dissipating momentum in underlying #inflation measures, diminishing fears of #tariff induced inflation ahead, and the further deterioration in the #labourmarket seen this summer. #BOC #BankofCanada #cdnecon
Migrants and refugees thrive in jobs locals 'not comfortable doing'
By Tim Lee
Ararat, like most regional towns, has an ageing population and a drift of young people to the cities. But a migrant resettlement program is reinvigorating the town.
#Immigration #LabourMarket #RegionalCommunities #Refugees #AgriculturalWorkers #TimLee
Commonwealth Bank backtracks on AI job cuts, apologises for 'error'
By Stephanie Chalmers
CBA has apologised to 45 affected employees after finding customer service roles were not redundant despite introducing an AI-powered "voice-bot", but the union says the damage is done.
BMO: While #markets are now fully pricing in a quarter-point #Fed #ratecut in September, San Francisco Fed President #Daly dismissed calls for a 50-bp cut, adding that it “would send off an urgency signal that I don’t feel about the strength of the #labourmarket.”
Breaking: Unemployment rate improves as full-time jobs surge
By Stephanie Chalmers
Employment increased by nearly 25,000 people, driven by 60,000 full-time jobs, and the number of unemployed people also fell in the month.
https://www.abc.net.au/news/2025-08-14/abs-labour-force-unemployment-rate-4-2pc-25k-jobs/105651886
#LabourMarket #Unemployment #EconomicTrendsandIndicators #StephanieChalmers
UK National Living Wage to rise 4.1% to £12.71/hour in April 2026, ending discriminatory age bands.
#NationalLivingWage #MinimumWage #WageIncrease #UKJobs #LivingWage #YoungWorkers #PayRise #LabourMarket
An interesting twist in the #london #labourmarket ! The #ftweekend reports that there has been a fall in the demand for high end domestic servants - most notably #butlers - in recent months. Could this explain talk of #rachelreeves proposing to offer a #concierge service to foreign investors?
1 CIBC: #Canada's #labourmarket showed its resilience in June, with #employment jumping by 83K, and the #unemploymentrate falling by a tick to 6.9%. That was relative to the consensus for a flat employment reading … 🧵 #cdnecon
1 CIBC: Canada's "other" #employment report continues to point to a weaker #labourmarket than the more commonly followed Labour Force Survey, supporting the case for more #interestrate cuts. Statistics Canada's Survey of Employment, #Payrolls and Hours ( #SEPH) posted a 6K drop in April …🧵 #cdnecon
“Australian workers are facing a major upheaval as #ArtificialIntelligence (AI) becomes a cheaper alternative to employing humans.
While the full impact of #AI is yet to be reflected in #JobAds or official employment statistics, both #employers and #employees warn the #technology is already reshaping the nation's #LabourMarket.”
#WhiteCollar / #ZeroHourWork / #Cost / #economics / #employment <https://abc.net.au/news/2025-06-21/ai-job-fears-accelerate-white-collar-grad-roles-threatened/105440772>
Amodei, Altman, labour market forecasts, alleged unemployment, shifting skills, and seller hoaxes.
Yes, the discussion deserves a lot of attention, but at this stage the hype mixed with communication from lobbies and pure sales activities leads to putting together easy correlations on some data.
Even two years ago hallucinating scenarios were told (or rather here, hallucinated 🙃), related to the adoption of GenAI.
When we look at these scenarios today, in the light of the real data not on adoption but above all on the steps backwards compared to corporate contracts, we realise that things are always a little more complicated on the ground.
It is true that automation takes away space for juniors, but it is also true that for everyone else new figures are becoming necessary, IT jobs are not decreasing (despite the initial layouffs rushed by many US companies that now re-employ them with different job descriptions), because today there are gains in overall productivity that are laughable with an increase in pressure on individuals (and the levelling logics suggest that when a technology reaches everyone, it increases performance but not the volume of work).
Drawing conclusions in these moments, when you are too attentive to bubbles like this here - and less to data and research (the real one, not the one of the sellers' reports!) - leads to bad decisions.
#Amodei #Altman #LabourMarket #FutureOfWork #Unemployment #SkillShift #Automation #GenAI #TechTrends #DataAnalysis #CorporateTech #Productivity #ITJobs #TechInsights #HallucinatingScenarios #TechHype #ResearchMatters #TechDecisions
Eurozone unemployment drops to record low levels in April.
Falling energy and input prices helped ease cost pressures for European businesses in April, allowing them to retain more employees.
Automation in the real world. Walmart has employed ~ 2.1M people for the past 3 years while at the same time growing revenue by $70B or ~ 10%.
Going forward, Walmart is expected to grow sales by 4% per year without increasing employee head count. Investments in technology, automation and eCommerce mean "new roles" for employees, not more employees according to the company. #Automation #eCommerce #Walmart #employees #Labour #labourmarket #Retail #technology
The foundations of the ‘artificial intelligence’ discipline have enabled acceleration of war and commoditization of paid work.
I show you the motivations and the engines in a long new article: http://data.yt/kit/how-ai-works.html#intellectual-history
#longRead #cybernetics #history #work #HR #productivity #GenerativeAI #AI #risk #risks #AIRisks #data #services #agenticAI #agents #AISlop #chatBots #alienation #intelligence #tech #ethics #opportunities #business #employment #jobs #labor #labour #labourMarket #laborMarket #IT
AI does not reason. It applies probabilities.
It's like eating an apple and assuming that everything will be as tasty: http://data.yt/kit/how-ai-works.html
#longRead #commoditization #acceleration #work #HR #productivity #GenerativeAI #AI #risk #risks #AIRisks #data #services #agenticAI #agents #chatBots #alienation #intelligence #tech #technoCritique #technique #technologie #control #capitalism #compliance #bias #ethics #employment #jobs #labor #labour #labourMarket #laborMarket #IT
‘Artificial intelligence’ accelerates the commoditization of paid employment.
I show you the driving forces in a long article: http://data.yt/kit/how-ai-works.html
#longRead #commoditization #acceleration #work #HR #productivity #GenerativeAI #AI #data #services #agenticAI #agents #AISlop #decay #enshittification #chatBots #alienation #intelligence #tech #technology #control #capitalism #compliance #bias #ethics #opportunities #corporate #business #employment #jobs #labor #labour #labourMarket #laborMarket
Eurozone grows 0.3% at the start of the year, industrial output soars.
Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain, according to a second estimate from Eurostat released on Thursday.
Employment rose 0.3%, beating forecasts and March industrial output surged 2.6%, the fastest in five years.
#Eurozone #Economy #LabourMarket #GDP #Employment #Industry #Business #EU
Foreign jobseekers ditch the UK market — with one surprising exception.
Foreign interest in the UK labour market declined in the first three months of 2025.
However, interest from US job seekers rose significantly during this period, coinciding with the beginning of Donald Trump's second presidency.
#UK #Jobs #JobSeeking #Labour #LabourMarket #Labor #LabourMarket
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