Julius Probst, PhD shares his perspective on a new budget report from the Office for Budget Responsibility.

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We have expanded our reporting to cover Canada and the UK.

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Recruitonomics is a hub for data-driven research that aims to make sense of our evolving world of work.

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The latest in global Economic trends and conditions and how these affect labor markets across the world.

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Canada's labor market rebounded in February, making impressive gains of 40,700 net new jobs in a high interest rate environment.
5 minutes
The U.S. labor market continues to defy gravity: with 275,000 net new jobs in February (beating expectations once again) job growth doesn’t appear to be “landing” at all.
3 minutes
After decades of stalling wage gains for the lowest earners, the U.S. is experiencing a dramatic wage compression.
5 minutes
Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.
4 minutes
Raising kids has become increasingly expensive but not necessarily in the way that you think. Women increasingly choose career over babies – welcome to the DINK phenomenon.
4 minutes
Despite the robust job market, recent college graduates face greater challenges in securing employment than the rest of the population.
4 minutes
GDP data confirmed that the UK slipped into recession in the second half of 2023. The BoE needs to reverse course quickly or else face a more severe downturn.
5 minutes
Pinpointing a national downturn is difficult enough, but knowing whether a state is in a recession or not is even more tricky.
5 minutes
The Canadian labor market made some impressive employment gains in January, but trouble is still brewing under the surface.
4 minutes
The jobs market added a surprisingly strong 353,000 net new jobs in January, while the unemployment rate remained low at 3.7%.
4 minutes
Brexit may have created barriers to trading goods for the U.K., but it might also create an opportunity to become a service export superpower.
4 minutes
Data revisions have subtracted more than 400,000 jobs throughout 2023, something that Fed policymakers should keep an eye on.
5 minutes
OECD countries have seen a surge in migration recently. In the future, expect permanently higher migration flows due to new factors at work.
5 minutes
Overall GDP growth in the U.K. has been steady, but the increase is driven by population growth, rather than productivity and income growth.
4 minutes
Canada's economy ended 2023 with weak job gains and a significant slowdown. As we move into 2024, the outlook doesn't look great.
4 minutes
Since the pandemic started, stability has been lacking in the labor market. The outlook for 2024 looks much more normal.
4 minutes
The United Kingdom's economic outlook is only slightly more uncertain than its current status, which is bad news for the central bank.
5 minutes
The outlook for the Eurozone is not looking positive for 2024, especially if the European Central Bank continues on its current path.
5 minutes
The American jobs market once again saw impressive gains in November, as shown in a jobs report that supported the soft landing narrative.
3 minutes
Recent developments have contributed to impressive labor force outcomes for disabled workers, but are they permanent or transient solutions?
4 minutes
The Canadian labor market added 25,000 new jobs in November, while the unemployment rate rose to 5.8%.
3 minutes
Will the proposed tax cuts from the U.K. government's actually boost economic growth or is their usefulness overstated in nominal terms?
5 minutes
Employees desire meaningful work, but not every worker finds purpose within their professions. What can employers do to help curate purpose?
5 minutes
Though more and more people are graduating from college, the U.K. labor market has a troubling graduate skill premium.
5 minutes
Rapidly rising interest rates didn't create the big economic downturn that many forecasters predicted. How did the economy avoid a recession?
4 minutes
BoE officials have made it clear that they are now willing to sacrifice the labor market to bring down inflation, but the official numbers are unreliable.
5 minutes
Many assume young workers are driving the push towards remote work, but age alone does not determine whether one is working onsite or not.
4 minutes
The strikes in the auto industry impacted job growth this month, as the labor market added 150,000 jobs and the unemployment rate ticked up to 3.9%.
3 minutes
The Canadian labor market grew by 18,000 jobs last month, but the unemployment rate increased. The labor market is certainly cooling.
3 minutes
A century ago, John Maynard Keynes envisioned a future world where a 15-hour work week was the norm. Was he really so far off the mark?
4 minutes
U.S. GDP growth was a startlingly strong 4.9% in Q3, driven by consumer spending. This level of growth is very far from recession territory.
4 minutes
Recently Federal Reserve data reveals that Americans are wealthier than ever. Net worth, adjusted for inflation, surged during the pandemic.
4 minutes
The risks to quantitative easing are benign during anemic recoveries. In this period of high inflation, it could results in bad losses.
5 minutes
Job growth surprised again in Canada last month, but strong wage growth complicates things for the Bank of Canada's fight against inflation.
3 minutes
The U.S. economy added 336,000 net new jobs in September, proving that the labor market remains strong despite recession fears.
3 minutes
Time has run out on the pandemic-era child care funding program. That presents a challenge to working parents and child care providers across the country.
3 minutes
Corporate greed has been wrongly blamed for this bout of inflation. Greedflation isn't the problem. Excess growth and labor shortages are.
5 minutes
Is this the moment of resurgence for cities and states in the Rust Belt that suffered in recent decades due to the "China Shock"?
4 minutes
Inflation has subsided, while the economy has been surprisingly strong. A soft landing looks likely, but there are still some risks.
5 minutes
Organized labor has been the hottest trend lately, earning the name "hot labor summer." But this era of labor activity is far from over.
4 minutes
The story of the United Kingdom's economy lately has been one of disaster, but recent revisions may have changed the narrative.
4 minutes
Canada's labor market is cooling, but population growth in the country remains strong. Unemployed workers face a more difficult hiring landscape.
2 minutes
High frequency indicators allow economists to gauge economic performance in real-time and they are pointing at a German contraction.
5 minutes
The U.S. labor market is clearly cooling. In August, the economy added 187,000 net new jobs and the gains in June and July were revised down.
3 minutes
The dysfunctional housing market in the United Kingdom prevents workers from moving to highly productive cities, leading to underperformance.
4 minutes
After years of stagnation following the Eurozone crisis, Southern Europe has turned the tables and is now outperforming the rest of the Eurozone.
4 minutes
America’s history is rooted in an open immigration policy – and owes much of its economic success to it.
4 minutes
Advanced economies are experiencing very tight labor markets. This worker shortage has implications for hiring. Recruiters are increasingly poaching employees rather than recruiting from a shrinking pool of unemployed, which has implications for monetary policy.
8 minutes
The U.S. labor market added a moderate 187,000 net new jobs in July and the unemployment rate ticked down to 3.5%.
4 minutes
After a strong jobs report in June, the Canadian labor market lost 6,000 jobs in July, but underlying trends remain strong.
3 minutes

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