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-Top News Dubai UAE News

Emirates to create 3,500 more jobs

To support its planned ramp-up operations, Emirates has begun a worldwide campaign to recruit 3,000 cabin crew and 500 airport services employees to join its Dubai hub over the next six months…reports Asian Lite News

These roles are Dubai-based positions and frontline customer-facing roles, and both jobs offer exciting opportunities for friendly, energetic, and service-oriented people to meet and interact with the world as Emirates’ brand ambassadors. Candidates interested in joining Emirates as cabin crew or as an airport services agent can find out more about the job requirements and submit their application on www.emiratesgroupcareers.com.

Emirates has gradually restored its network operations in line with the easing of travel restrictions around the world, and over the past months, it has been recalling pilots, cabin crew and other operational employees who were stood down when the pandemic forced a drastic reduction in flights last year, the company said on Thursday.

Emirates to create 3,500 more jobs

The airline currently flies to over 120 cities, representing 90% of its pre-pandemic network, and it plans to restore 70% of its capacity by the end of the year, including bringing back more of its iconic A380 aircraft into active service.

One of the most dynamic global cities, Dubai has also led the world in its response to the pandemic thanks to its strong leadership and public-private sector cooperation. The rapid vaccination roll-out in the United Arab Emirates, and clear pandemic protocols have enabled Dubai to quickly and safely re-open to international tourism and business activities since July 2020.

Dubai continues to attract people from all over the world with its welcoming culture, tax-free environment, and leading infrastructure for living, working and recreation.

Categories
-Top News USA

US private sector adds only 374,000 jobs in Aug

The latest data released on Wednesday “has highlighted a downshift in the labour market recovery”, said Nela Richardson, chief economist at ADP….reports Asian Lite News

Private companies added 374,000 jobs in August, fewer than expected, indicating a slowing labour market recovery amid a Delta variant-fuelled Covid-19 resurgence, payroll data company Automatic Data Processing (ADP) reported.

The latest data released on Wednesday “has highlighted a downshift in the labour market recovery”, said Nela Richardson, chief economist at ADP.

“We have seen a decline in new hires, following significant job growth from the first half of the year.”

In the second quarter, the private sector saw an average monthly job growth of roughly 748,000 amid vaccination progress and continued economic recovery, according to the report, which was produced by the ADP Research Institute in collaboration with Moody’s Analytics.

In July, however, private companies added a downwardly revised 326,000 jobs, a marked slowdown from the second quarter.

Despite the slowdown, Richardson noted that job gains are approaching 4 million this year, while adding that it’s still 7 million jobs short of pre-pandemic levels.

Service providers continue to lead growth, with 329,000 jobs added in the month, although the Delta variant creates “uncertainty” for this sector, Richardson said, noting leisure and hospitality made up 201,000 of the job gains.

Large firms and medium-sized businesses hired about 138,000 and 149,000 workers, respectively, while small companies added some 86,000 employees, the ADP report showed, indicating an unbalanced recovery across different company sizes.

The ADP report came two days ahead of the crucial monthly employment report to be released by the Labour Department’s Bureau of Labour Statistics, which will include employment data from both the private sector and the government.

ALSO READ: Covid surge wearing US out in multiple sectors

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USA

Workers quitting jobs in US at highest rate in decades

Citing data from the Labour Department, the report said that the share of US workers leaving jobs was 2.7 per cent in April, a jump from 1.6 per cent a year earlier to the highest level since at least 2000…reports Asian Lite News

More Americans are quitting their jobs than at any other time in at least two decades, which added challenges to companies trying to keep up with the economic recovery, a media report said.

“The wave of resignations marks a sharp turn from the darkest days of the pandemic, when many workers craved job security while weathering a national health and economic crisis,” Xinhua news agency quoted The Wall Street Journal report as saying on Sunday.

Citing data from the Labour Department, the report said that the share of US workers leaving jobs was 2.7 per cent in April, a jump from 1.6 per cent a year earlier to the highest level since at least 2000.

While a high quit rate stings employers with greater turnover costs, and in some cases, business disruptions, labor economists said churn typically signals a healthy labour market as individuals gravitate to jobs more suited to their skills, interests and personal lives, according to the report.

Several factors are driving the job turnover. Many people are spurning a return to business as usual, preferring the flexibility of remote work or reluctant to be in an office before the virus is vanquished, it said.

“Others are burned out from extra pandemic workloads and stress, while some are looking for higher pay to make up for a spouse’s job loss or used the past year to reconsider their career path and shift gears,” the report added.

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Categories
Lifestyle USA

Private sector adds nearly 1 million jobs in May

The information sector, however, lost 3,000 jobs in the month…reports Asian Lite News

Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report.

The service-providing sectors added 850,000 jobs in May, the report released on Thursday by the payroll data company Automatic Data Processing (ADP) in collaboration with Moody’s Analytics, said.

The leisure and hospitality sectors added 440,000 jobs, the education and health services sectors added 139,000, while the trade, transportation and utilities sectors added 118,000, Xinhua news agency quoted the report as saying.

The information sector, however, lost 3,000 jobs in the month, it added.

“Private payrolls showed a marked improvement from recent months and the strongest gain since the early days of the recovery,” said Nela Richardson, chief economist at ADP.

Private companies added a revised 654,000 jobs in April.

“While goods producers grew at a steady pace, it is service providers that accounted for the lion’s share of the gains, far outpacing the monthly average in the last six months,” Richardson said.

Large firms and medium-sized businesses hired 308,000 and 338,000 workers, respectively, and small companies added 333,000 employees, the ADP report showed, indicating a balanced recovery across different company sizes.

Private companies in the US slashed roughly 20 million jobs in March and April last year due to the Covid shutdowns.

Amid reopening efforts, the private sector saw a revised job gain of over 3 million in May, followed by a revised growth of over 4 million in June.

After that, however, job growth has been slowing down.

In December 2020, the trend was even reversed, with private companies shedding a revised 75,000 jobs amid Covid spikes.

The ADP report came a day before the crucial monthly employment report released by the Department of Labour’s Bureau of Labor Statistics, which will include employment data from both the private sector and the government.

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Business India News

‘Indian electronic repair market key in creating jobs’

According to MAIT, the apex body representing the ICT and electronics manufacturing sector in India, the repair and calibration of electronic subassemblies and products is a $100 billion industry worldwide….reports Asian Lite News

The electronics repair market in India can help generate over five million direct jobs, with a potential to generate revenues of $20 billion per annum, a new report has emphasised.

According to MAIT, the apex body representing the ICT and electronics manufacturing sector in India, the repair and calibration of electronic subassemblies and products is a $100 billion industry worldwide.

“High costs of repairing electronic goods in developed countries like the US and Europe are compelling the corporates to send goods overseas, where such repair services are provided at lower prices due to both skills and cost arbitrage,” said the report titled ‘Electronic Hardware Repair Services Outsourcing’ (ERSO) launched at the Electronics and Telecom Manufacturing Summit 2021 (MAIT-ETMS).

The report made recommendations to the Centre to streamline and simplify procedures to make India a repair and refurbishment hub for IT and electronic products.

“The electronics repair industry has the potential of becoming an emerging sector for employment growth in India. With the right regulatory support from the government of India, the domestic repair service sector in India can experience a tremendous boost,” said Nitin Kunkolienker, President, MAIT.

“It will, thereby, generate valuable Forex revenue as well as create employment, especially during these COVID-19 times, which has made millions of Indians job-less,” he added.

The report highlighted background on the regulatory landscape and emphasised bottlenecks and difficulties being faced day to day by the repair units in India, such as various regulatory approvals, import/ export restrictions, investment and Infrastructure cost, lack of skilled workforce and technology, e-waste related constraints, etc.

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Categories
-Top News USA

Biden’s boost for infra, jobs

Biden described the plan as “a once-in-a-generation investment in America” and compared its scoped to the space race of the 1950s and 1960s when the US confronted the Soviet Union…reports Asian Lite News

US President Joe Biden has unveiled an ambitious $2 trillion plan to overhaul the nation’s deteriorating infrastructure and create jobs while putting the country on its way to “win the global competition with China”.

Outlining it in Pittsburgh on Wednesday, he called the plan “a once-in-a-generation investment in America” and compared its scoped to the space race of the 1950s and 1960s when the US confronted the Soviet Union and won the race to the moon.

The first phase of it, called the ‘Jobs Plan’, aims to modernise transportation infrastructure — the roads, bridges and airports, he said.

Although couched as an infrastructure initiative, this plan has a much wider ambition.

It ranges from spurring scientific and industrial research to incentivising adoption of electric vehicles and from boosting domestic manufacturing to building affordable housing.

“It grows the economy in key ways. It puts people to work to repair and upgrade what we badly need. It makes it easier and more efficient to move goods, to get to work, and to make us more competitive around the world,” the President said about its basic agenda.

It is to be financed through an increase in corporate taxes from 21 per cent to 28 per cent and hiking taxes on those making more than $400,000 a year.

Biden acknowledged that the US was one of the major economies where public investment in research and development as a share of GDP has declined constantly over the last 25 years.

“We’ve fallen back. The rest of the world is closing in and closing in fast.”

Through decades of neglect and underinvestment, the roads, rails and local train systems in many places are crumbling, and many of the airports are outmoded and wouldn’t compare to the most modern ones in Indian metro cities.

The US electrical grid has catastrophically failed in several places, most recently in Texas last month with power outags over several days.

Biden’s plan, if successful, would inject the needed capital and give the political impetus to modernising the infrastructure as the US creeps up from under the Covid-19 devastation.

Having recognised the competition with China that has made massive investments in building its infrastructure and its scientific and industrial capabilities and extending its reach abroad, Biden made Beijing the backdrop to his endeavour.

His plan, he said, “will grow the economy, make us more competitive around the world, promote our national security interests, and put us in a position to win the global competition with China in the upcoming years”.

“It’s going to boost America’s innovative edge in markets where global leadership is up for grabs a” markets like battery technology, biotechnology, computer chips, clean energy, the competition with China in particular.”

Globally he framed it as a race between democracies and autocracies.

“That’s what competition between America and China and the rest of the world is all about. It’s a basic question: Can democracies still deliver for their people? Can they get a majority?

“I believe we can. I believe we must,” the President noted.

But democracy is what stands in the way of his plan as he is buffeted by the left and right.

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He will need the backing of at least 10 Republican Senators to get the 60 votes needed in the evenly divided Senate to get the plan approved while keeping his base intact.

The main sticking point is his proposal to raise taxes.

Appealing to them, he said that the Republicans “know China and other countries are eating our lunch. So there’s no reason why it can’t be bipartisan again”.

Former President Donald Trump had promised a massive infrastructure plan during the 2016 election campaign but was so distracted by his less pressing obsessions that he never got around to seriously pursuing it before Covid-19 hit the world.

Republican Senate leader Mitch McConnell said he was unlikely to back Biden’s infrastructure plan.

“It’s called infrastructure, but inside the Trojan horse it’s going to be more borrowed money, and massive tax increases on all the productive parts of our economy.”

A way around the Republican Senate roadblock would be for the infrastructure legislation to be treated as an amendment to the budget, which would need only 51 votes. And that’s what Biden, Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer are preparing for.

Also read:Biden reassures Americans again

But Biden will also face opposition from his Democratic Party’s left.

Indian-American Congressional Progressive Caucus Chair Pramila Jayapal called for a “bolder” and more comprehensive plan that would tackle climate change more aggressively.

“It makes little sense to narrow his previous ambition on infrastructure or compromise with the physical realities of climate change,” she said.

House of Representatives member Alexandria Ocasio-Cortes, who is a member of the Democratic Socialists group, had proposed a $10 trillion plan.

She compared Biden’s plan to the $1.9 trillion Covid-19 relief passed by Congress earlier this month and tweeted that the President new proposal “is not nearly enough. The important context here is that it’s $2.25 trillion spread out over 10 years”

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