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Sjeføkonom til Norges Bank: – Hold renten i ro
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Statistics Finland
Majority of growth in the number of unemployed persons from
lay-offs in 2020
According to Statistics Finland’s
employment statistics, there were 351,600 unemployed persons at the
end of 2020. The number of unemployed persons grew by 37 per cent
from the previous year, of which over one half was caused by an
increase in the number of laid-off persons. Examined by field of
education, the number of unemployed persons grew most among those
with qualifications in engineering and engineering trades, personal
services, and business and administration. The growth in the number
of unemployed with upper secondary or tertiary level qualifications
was mainly due to lay-offs. The data on unemployment in the
Monday, 10 May 2021 02:53 PM MYT
Taxi drivers wait to pick up customers in Chow Kit, Kuala Lumpur November 3, 2020. Picture by Hari Anggara
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PUTRAJAYA, May 10 The economic sector recorded 177,900 job vacancies in the first quarter of 2021, up by 7.2 per cent as compared to the same quarter of the preceding year, according to the Department of Statistics Malaysia (DoSM).
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase of job vacancies during the quarter was in line with the improvement in economic performance.
He said the wholesale and retail trade sales value registered the first positive year-on-year growth of 9.3 per cent while the Industrial Production Index (IPI) surged 9.3 per cent in March 2021 during the same period.
1Q2021 Preliminary Headline Productivity Improves
A simple summary of the headlines for this release is that labor costs growth declined on a quarter-over-quarter basis whilst productivity improved.
Analyst Opinion of Productivity and Costs
The overall view this quarter is that nonfarm productivity is up 4.1 % from the same quarter one year ago while unit costs are up 1.6 %.
Please note my productivity analysis at the end of this post which is at odds with the headline view. Doing a productivity analysis during a major recession or recovery period is a waste of time as productivity is obscured by government interventions.
The market was expecting from Econoday:
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