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Many people subsequently turned to remote work, and the workforce recovered but only to be plunged into three years of an incredibly tight labor market. Today, the unemployment rate is at 3.9% following an increase in October from the prior’s month’s 3.8% level, and by most measures the labor market is considered very strong. “It does seem like the labor market is getting a little more balanced,” says Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments. The overwhelmingly takeaway is that the labor market has defied most predictions and shown a level of resiliency and adaptability that has surprised many observers. This was the “excess retirements” who were causing the labor market to be exceptionally tight.

Persons: Gene Tannuzzo, “, ”, Bill Armstrong, “ We've, Guy Berger, James Neave, ” Neave, –, Berger, ’ Berger, Sarah House, it’s, women’s Organizations: Columbia Threadneedle Investments, Safeguard Global, Technology, LinkedIn, Walmart, General Motors, Google, Wells, Louis Federal Reserve Bank, & $ Locations: Minnesota

☆ Countries gather to thrash out U.N. ocean protection treaty
▼ + stars: | 2023-02-20 | by ( David Stanway | ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 20 (Reuters) - Delegations from hundreds of countries will meet in New York this week in an attempt to hammer out a new legally binding ocean protection treaty that green groups believe will decide whether efforts to safeguard global biodiversity can succeed. Last August, an earlier round of talks on the new United Nations ocean conservation treaty were suspended, with countries unable to reach an agreement on financing. Sharing the proceeds of "marine genetic resources" and the establishment of ocean environmental impact assessment rules for development were also major sticking points. "There seems to be an appetite to actually finalise the treaty now," said Jessica Battle, ocean expert at the Worldwide Fund for Nature. "Genetic resources and the issue of finance will be the end game," said Greenpeace's Li.

☆ EU agrees $60 a barrel price cap on Russian seaborne oil -EU diplomat
▼ + stars: | 2022-12-01 | by ( Jan Strupczewski | ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 1 (Reuters) - European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations - with an adjustment mechanism to keep the cap at 5% below the market price, an EU diplomat said. The initial G7 proposal last week was for a price cap of $65-70 per barrel with no adjustment mechanism. "The price cap is set at $60 with a provision to keep it 5% below market price for Russian crude, based on IEA figures," the EU diplomat said. The reviews of the price cap level would be held every two months, EU diplomats said. The G7 price cap on Russian seaborne crude oil is to kick in on Dec. 5, replacing the harsher EU outright ban on buying Russian seaborne crude, as a way to safeguard global oil supply because Russia produces 10% of the world's oil.

☆ Customer Service Representative at Safeguard Global
▼ + stars: | 2021-07-08 | by ( Alte Articole | ) www.civic.md time to read: 1 min