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Recent Editions
Human Times
North America
Growth in U.S. labor costs cooled unexpectedly in the fourth quarter, posting the smallest annual increase in four and a half years as easing demand for workers restrained wage gains. The Labor Department's Employment Cost Index rose 0.7% in the final three months of the year, down from 0.8% in the previous quarter and below economists’ expectations. On an annual basis, labor costs increased 3.4% through December, the weakest pace since mid-2021. Wages and salaries, which make up the bulk of labor costs, showed a similar slowdown, while a softer labor market was reflected in fewer job openings per unemployed worker. Despite the easing in wage pressures, higher import tariffs have continued to lift goods prices, keeping inflation elevated.
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Human Times
UK
Tesco CEO Ashwin Prasad warns that the UK is facing a "quiet epidemic" of joblessness at a time when over 9m people are economically inactive. With the unemployment rate now at a four-year high of 5.1%, Prasad urged the government to stop "tinkering at the edges" and implement significant changes to address the issue. He noted that many young people are particularly affected, with nearly 1m not in education, employment, or training. "We have been sleepwalking into a quiet epidemic that is keeping millions of people out of work," Prasad said.
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Human Times
Europe
Journalists from Italy's RaiSport television channel are to stage a three-day strike to protest an error-strewn opening ceremony broadcast by RaiSport director Paolo Petrecca. The journalists said Petrecca’s "disastrous coverage" was "embarrassing." Petrecca welcomed viewers to Rome’s Stadio Olimpico instead of Milan’s San Siro, where Friday’s ceremony was held, before mistaking Kirsty Coventry, president of the International Olympic Committee, for Laura Mattarella, daughter of the Italian president. RaiSport's internal union body representing journalists at the public broadcaster said all journalists would withhold bylines during the Games and then strike for three days once the event is completed. "We have all been embarrassed, no one excluded, and through no fault of our own," it said.
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Human Times
Middle East
The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has mandated a new minimum wage of Dh6,000 for Emirati employees, effective from January 1, 2026. Private firms must adjust salaries for Emiratis hired before this date by June 30, 2026, to avoid penalties. Khalil Al Khoori, Undersecretary at MoHRE, said that the increase is part of a gradual Emiratisation strategy aimed at enhancing job stability. From July 1, 2026, non-compliant companies will face penalties, including the suspension of new work permits. MoHRE will provide automated reminders to ensure compliance.
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