Many traders say UK jobs are at risk from changes to guaranteed hours

Many traders say UK jobs are at risk from changes to guaranteed hours

More than half of retail jobs could be affected by changes to guaranteed working hours, making it harder for stores to hire people – especially young workers – on part-time jobs, an industry lobby group has warned. From April, the Employment Rights Act will introduce new protections for workers for sick pay, sexual harassment, parental … Read more

Goldman Sachs has a mixed message on oil prices and jobs

Goldman Sachs has a mixed message on oil prices and jobs

Goldman Sachs economist Pierfrancesco Mei published a note on March 26 estimating that rising oil prices will reduce US wage growth by about 10,000 jobs per month until the end of 2026. The bank also expects the unemployment rate to rise 0.2 percentage points overall to 4.6% in Q3 2026. Higher oil prices account for … Read more