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U.S. Adds 161,000 Jobs In October And Unemployment Falls To 4.9%

WASHINGTON – U.S. Secretary of Labor Thomas E. Perez issued the following statement about the October 2016 Employment Situation report released today: “The American economy continued its solid recovery from the worst economic crisis of our lifetimes in October, with the addition of 161,000 jobs. All told, American businesses have added 15.5 million jobs since […]

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Christine Lagarde: The Role of Business in Supporting a More Inclusive Global Economy

Good afternoon. Thank you, John Micklethwait, for your kind introduction. I am pleased to be at the Inclusive Capitalism Conference once again—and in such illustrious company. Henry Ford once said: “Coming together is the beginning. Keeping together is progress. Working together is success.” Likewise, the efforts of Lady Lynn de Rothschild and the coalition—in coming […]

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EU-Canada Trade Agreement: Council Adopts Decision To Sign CETA

On 28 October 2016, the Council adopted by written procedure a package of decisions on the comprehensive economic and trade agreement with Canada (CETA), including: a decision on signature of the agreement a decision on the provisional application of the agreement a decision to request the consent of the European Parliament for theconclusion of the […]

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New Forum Center to Advance Global Cooperation on Fourth Industrial Revolution

San Francisco, – The World Economic Forum today announces the opening of its new Center for the Fourth Industrial Revolution in San Francisco. The Center will serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another. It […]

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WTO: Trade In 2016 To Grow At Slowest Pace Since The Financial Crisis

World trade will grow more slowly than expected in 2016, expanding by just 1.7%, well below the April forecast of 2.8%, according to the latest WTO estimates. The forecast for 2017 has also been revised, with trade now expected to grow between 1.8% and 3.1%, down from 3.6% previously. With expected global GDP growth of […]

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New Procurement System to Improve Development Impact and Transparency in South Asia

COLOMBO, — In keeping pace with global trends, the World Bank unveiled today a new Procurement Framework to help its partner countries in South Asia that procure goods and services under Bank-financed projects make the best use of their public spending, strengthen their national procurement policies, and improve their development objectives. The new Framework was […]

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EU Requests WTO Panel Over Colombia’s Discrimination Against Imported Spirits

Brussels, 22 August 2016 – The EU today requested the establishment of a WTO panel to rule on a dispute concerning Colombia’s discriminatory treatment of imported spirits. The EU and Colombia held consultations earlier in the year (8-9 March 2016), however consultations failed to reach a solution to the dispute. While the EU recognizes Colombia’s […]

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US Jobs Growth Beyond Forecasts For July

WASHINGTON – U.S. Secretary of Labor Thomas E. Perez issued the following statement about the July 2016 Employment Situation report released today: “With the addition of 255,000 jobs in July, American businesses have created a total of 15 million jobs since February 2010. This month’s report confirms that the Great Recession is indeed in the […]

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Global Hiring Outlook for Q3 2016 Indicates Continued but Slowing Hiring

MILWAUKEE, – Most employers across the globe plan to increase hiring over the next three months, though at a slightly slower pace than recent quarters. This is according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup (NYSE: MAN). Hiring confidence is strongest in India, Japan, Taiwan, Guatemala, Romania and the United States […]

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The American Economy Added 287,000 Jobs In June Says Secretary Perez

The first Friday of every month is what we call Numbers Day – it’s the day that the Bureau of Labor Statistics releases the monthly jobs report. We have a ritual at the Labor Department – at 8 a.m. we gather around a table in my office, and the commissioner of labor statistics briefs me […]

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