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Recent Editions
Human Times
North America
U.S. employment costs increased at a steady pace in the second quarter, according to the Bureau of Labor Statistics, with the Employment Cost Index rising 0.9% from the previous quarter and 3.4% from a year earlier, indicating that labor costs are not adding significant inflationary pressure to the economy. However, after adjusting for inflation, both overall compensation and wages declined over the year, suggesting workers' purchasing power has weakened despite continued nominal pay increases. The report showed wages and salaries for civilian workers rose 0.9% during the quarter and 3.2% year over year, while private-sector employer spending on health benefits increased 6%, outpacing wage growth. The data support the Federal Reserve's assessment that the labor market remains broadly balanced as policymakers continue to monitor inflation and employment trends ahead of the July jobs report.
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Human Times
UK
Employers should not rely so heavily on virtual job interviews when hiring because they don't capture candidates' personality and passion, UK prime minister Andy Burnham has said. "One thing I really don't like is this culture now of interviewing via Zoom or Teams," he told a careers podcast, adding: "How do you get over some of your personality, your passion?" Burnham said: "It seems to me to then work against people who have that side to their character and work for those who are just giving the more formulaic answer." Maxine Bligh from the Recruitment and Employment Confederation (REC) said: "AI tools are helpful, even essential, when dealing with a huge volume of applications, but it takes skill and professionalism to make the right call . . . The key message from us to recruiters is to go digital where it matters and human where it counts."
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Human Times
Europe
UK hiring declined in the first half of 2026, with job postings down 11% since the start of the year and 32% below pre-pandemic levels, according to Indeed. Graduate vacancies fell to their lowest level for this point in the year since 2020, while summer job postings hit a four-year low, highlighting ongoing challenges for younger workers. Advertised wage growth also slowed to 3.9%, the weakest since early 2022. Meanwhile, the data shows that demand for AI skills reached a record high, with AI-related tools mentioned in 9.4% of UK job adverts. "The UK's labour market is under sustained pressure. Hiring demand is falling across most parts of the economy, while posted wage growth is gradually cooling," Indeed senior economist Jack Kennedy said.
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Human Times
Middle East
A survey of nearly 3,900 companies by Source Global Research has found widespread scepticism about AI in consulting, with 70% of clients saying they would not trust a report prepared using AI and 32% saying its use would undermine their confidence in a consultancy. Clients with direct experience of AI tools were even more negative, with 77% viewing AI as a bubble compared with 55% of those without such exposure. More than three-quarters of UK consulting firms are using AI to carry out work, according to a survey by the Management Consultancies Association, while the Big Four of Deloitte, EY, KPMG and PwC have significantly cut back their graduate recruitment schemes as they invest billions in AI technology.
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