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U.S. Unemployment Rate Matches Historic Low As Payrolls Rise

Jobless rate fell to 3.8% to match April 2000 as the lowest since 1969 Jun 1, 2018 (BE2C2) — Last month, the United States added 223,000 jobs beating forecasts and the unemployment rate matched its lowest level in five decades, the Labor Department said Friday. The Bureau of Labor Statistics said in its report employment edged up in the retail, healthcare and construction sectors. Retail trade added 31,000 jobs while manufacturing added 18,000. The construction industry, often a key contributor to U.S. workforce growth, gained 25,000 jobs. Healthcare jobs increasedRead More


Need For Local Expertise, Skills Development To Maximize CPEC

HASAAN KHAWAR: Over the last few months, I have been asked one question repeatedly at multiple forums. What kind of skills should Pakistan invest in to prepare its workforce for CPEC-related projects? While I have not come across any detailed research on the subject, although based on available information it is possible to draw some broad conclusions. The upcoming job opportunities and skills demand can be broadly categorised into three major areas. First comes the infrastructure-related jobs created by China Pakistan Economic Corridor (CPEC) investments in roads, energy projects, GwadarRead More


Islamabad Insight: Why Not Reboot the System?

SHAHEEN SEHBAI — IN today’s technology-driven world, the first solution that is offered, if something stops working, is to reboot: the computer, laptop, the phone, tablet or the operating system. Why not try it with our political, economic and power structure, while we have some little time and the working machine does not completely shut down and goes dead, unable to be recharged or resurrected. Respected and not-so-respected analysts, economic and political, are saying almost the same thing in their writings and TV discourses. One writer says: “One cannot agreeRead More


China Seen Slowing Spending on Belt and Road Energy Projects

Beijing has invested about $128b in energy projects in Belt and Road countries since 2001. The slowdown in spending last year came as the government cracked down on capital outflows, scrutinizing companies that expanded rapidly overseas.