KBND - Global Employment Picks Up But Persistent Staff Shortages Drive Up Salary Costs

2023-03-08 03:33:00 ET

Summary

• Global jobs growth accelerated to a six-month high in February as improving demand conditions and rising business confidence encouraged greater hiring, with job gains reported in all major economies bar Brazil.
• The fastest jobs growth, by a whisker, was recorded in France followed by mainland China, which saw renewed job gains after three months of decline.
• Despite the stronger jobs growth recorded worldwide in February, staff shortages clearly remain a constraint on businesses and a source of rising costs.

For further details see: