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Human Times
North America
Labor market shows signs of cooling as openings and hiring decline

U.S. job openings fell to 6.88m in February from an upwardly revised 7.24m in January, undershooting expectations and signalling a moderation in labor demand after a brief uptick at the start of the year. According to the Labor Department's latest JOLTS report, hiring also slowed markedly, to its lowest level since April 2020, reflecting weaker recruitment across sectors including construction, leisure and hospitality, and business services. The slowdown in vacancies was driven by declines in accommodation and food services, healthcare, and manufacturing, suggesting softness is concentrated in specific industries rather than broad-based. Meanwhile, the quits rate held at 1.9%, matching its lowest level since 2020, indicating reduced worker confidence in securing new roles, while layoffs edged up slightly but remained subdued overall. The ratio of job openings to unemployed workers fell to 0.9, down significantly from a peak of 2 in 2022, reinforcing the Federal Reserve’s view that the labor market is no longer a key source of inflationary pressure. 

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Human Times
UK
Workers' rights reforms spark disruption fears

The new Employment Rights Act, effective today, introduces significant changes that may disrupt employers. Key reforms include statutory sick pay (SSP) from day one of illness and paternity leave as a 'day one right'. Business groups warn these changes could hinder growth and exacerbate job losses amid rising costs from National Insurance and minimum wage increases. Neil Carberry, chief executive of the Recruitment and Employment Confederation, said: "The pressure on firms right now is to reduce employment and raise prices to make ends meet." Meanwhile, Sir Keir Starmer has launched a strong defence of the new workers' rights, criticising business figures opposing the changes. The Prime Minister described the measures as the most significant enhancement of workers' rights in a generation. 

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Human Times
Europe
New UK agency to tackle abuse of labour market rules

The UK's Fair Work Agency (FWA), which launches today, brings together several existing labour enforcement bodies and its responsibilities will include policing the minimum wage, holiday pay and modern slavery. The agency's incoming chair, Matthew Taylor, recently listed the five priorities the Department of Business and Trade had laid out for the FWA in its first year - including “thought leadership” and “reducing regulatory burdens.” The Guardian reports that trade unions say that, rather than reducing regulation, a more robust approach and greater funding for inspections is needed. Sharon Graham, the general secretary of Unite, said the priorities showed the agency was “in danger of being a dead duck before it even begins . . . For too long, workers have borne the brunt of disreputable employers who have had carte blanche . . . The government needs to urgently ensure that the FWA focuses its attention on bringing rogue bosses to heel rather than seeking ways to allow dodgy companies to continue bad behaviour.” The FWA is a cornerstone of Labour’s Employment Rights Act - sweeping reforms of workers’ rights that are set to take effect over the next two years. 

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Human Times
Middle East
Saudi Arabia expands Saudization to 69 administrative roles

Saudi Arabia has broadened its Saudization programme, mandating full nationalisation of 69 additional administrative support roles from April 5. The Ministry of Human Resources and Social Development announced the expansion, which includes secretarial work, translation, and data entry. The initiative aims to enhance national workforce participation and create more job opportunities. The Saudization programme, launched in 2011, requires private firms to meet hiring quotas for nationals under the Nitaqat system. The ministry emphasised the importance of compliance, saying: "The update comes as part of the ministry's efforts to enhance the participation of national talent in the labour market."

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