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08.03.26 - 01:18
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New Employment Rights Act ′a huge boost for women in the workplace′ (The Guardian)
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Government says new rights for parental leave and sick pay will increase equality and economic growthWomen will disproportionately benefit from new workers' rights measures rolled out from next month, according to research.
The TUC said approximately 4.7 million women are to benefit from stronger sick pay from April, including more than 830,000 who will receive statutory sick pay for the first time.
These are the lowest-paid women, who are currently not eligible to receive sick pay because they earn below the threshold of £125 a week, the study found.
The TUC said low-paid workers, especially women, have missed out on any form of sick pay for too long, leaving them with no choice but to go into work when they are ill.
As well as stronger sick pay, from April fathers and partners will have a day-one right to paternity leave, and all parents will gain the day-one right to unpaid parental leave under changes from the Employment Rights Act.
Paul Nowak, the TUC general secretary, said: “For too l...
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06.03.26 - 16:39
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Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises (ZeroHedge)
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Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises
In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020 (only October's shock -140K was worse), and this time, the massive drop can't be dismissed as a one-time drop in government payrolls. The number of private payrolls dropped by 86K, also a huge miss to estimates of a 60K increase.
The February payrolls print was a six-sigma miss to the 55K median estimate, and came in 83K below the lowest estimate!
The change in total nonfarm payroll employment for December was revised down by 65,000, from +48,000 to -17,00...
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