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Recent reports reveal significant shifts in labor markets in the US and Russia. In the US, job openings have decreased, and the quit rate has hit a low, impacting wage growth and career advancement. Meanwhile, Russia faces a labor deficit, leading to rising wages amid changing workforce dynamics. The gender wage gap in the US has also widened for the first time in 20 years.
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Recent economic data reveals mixed growth across various countries, with Colombia's GDP growth at 2% in Q3 2024, below expectations. Meanwhile, trade tensions, particularly with China, are expected to escalate under President-elect Trump's proposed tariffs, impacting U.S. manufacturers reliant on Chinese imports.
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As of November 2024, job seekers in the US and Hong Kong face significant challenges. In the US, younger graduates are increasingly pessimistic about job prospects, while older workers struggle with ageism. In Hong Kong, a rise in 'slashers' reflects changing career paths among youth. The evolving job landscape highlights generational divides in work expectations.
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Following Donald Trump's re-election, U.S. stock markets have rallied, reflecting investor optimism about a favorable business environment. However, concerns about potential tariffs and immigration policies are causing volatility in the bond market, with rising yields indicating uncertainty about future economic conditions.
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Following Donald Trump's election, the House passed a controversial bill targeting organizations deemed to support terrorism. The legislation has raised concerns among nonprofits about potential misuse, especially under Trump's administration. Meanwhile, Trump's nominee for Labor Secretary, Chavez-DeRemer, faces skepticism regarding her commitment to workers' rights.