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20.01.26 - 09:54
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UK Jobless Rate Steady At 5.1%; Wage Growth Slows (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate remained stable and wage growth eased in the three months to November, data from the Office for National Statistics showed Tuesday.The jobless rate was ......
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20.01.26 - 08:48
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UK Jobless Rate Unchanged At 5.1% (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate remained stable in the three months to November, the Office for National Statistics said Tuesday.The jobless rate was estimated at 5.1 percent, unchange......
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20.01.26 - 08:42
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Number of employed people in UK falls again as wage growth slows (The Guardian)
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Shops, restaurants and hotels particularly hit by slowdown in hiring, as unemployment remains at 5.1%Business live – latest updatesThe number of employed people in the UK has fallen again, particularly in shops, restaurants and hotels, reflecting weak hiring, while private sector wages grew at the slowest rate in five years, official figures show.Figures from the Office for National Statistics (ONS) showed the number of employees on payrolls fell by 184,000 in December compared with a year earlier, to 30.2 million. Continue reading......
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16.01.26 - 21:12
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The Wrong Solution: AI Productivity, Employment, & UBI (ZeroHedge)
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The Wrong Solution: AI Productivity, Employment, & UBI
Authored by Lance Roberts via RealInvestmentAdvice.com,
It is expected that AI productivity increases will vastly transform the U.S. economy. Firms are utilizing AI productivity enhancements to automate repetitive tasks, and research and coding functions have already been implemented. The obvious problem is that when machines perform functions once done by humans, what are the humans supposed to do for income? This increase in AI productivity is measurable across various sectors, as supply chains operate more efficiently, data analysis accelerates, and customer service utilizes automated agents to streamline tasks. Manufacturing, once considered a stable sector of the economy, is increasingly using robotics to reduce labor costs. Professional services are also increasingly displacing workers in medical, legal, and other areas of the service economy to improve output (read: profits) per worker.
This is not a new thing. It has been accelerat...
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