Economy Creates 916,000 New Jobs in the USA
America's economy accelerated its recovery by creating 917,000 new jobs in the USA during March 2021, according to the Bureau of Labor Statistics (BLS). This follows 468,000 US jobs that were added in February and 233,000 workers who were hired in January.
Strong Growth Predicted for US Economy
Economic growth in the United States is forecast to surge by as much as 10% in the second quarter, as millions of Americans get vaccinated each day and more businesses re-open. This would be the biggest rate of increase in Gross Domestic Product (GDP) since 1984. The median forecast by economists is 9.3% GDP growth during April, May and June 2021, however, a top researcher at Bank of America says the US economy could even grow by as much as 10 percent.
Canadian Economy Is Ready for Rapid Expansion
The Conference Board of Canada anticipates 5.8 GDP growth for the Canadian economy in 2021 and around 4% growth in 2022, according to a report released in March 2021. It is expected that Canada's economy is prepared to take off as more people get vaccinated and pandemic restrictions are lifted.
Businesses Hiring in the UK for Increased Consumer Spending
Businesses in the United Kingdom are getting ready for increased spending by British consumers this summer by hiring new workers. Optimism among service sector employers in the UK is the highest since 2004 and businesses have been busy hiring workers for retail, restaurants and hotels.
More People Working in Australia Than Before Pandemic
The Australia Bureau of Statistics (ABS) reported on March 17, 2021, that full-time employment in Australia rose by 88,700 workers between January and February, lowering the unemployment rate to 5.8 percent.
Top 10 Countries for Expat Workers in 2021
A worldwide survey of 209,000 individuals in 190 countries carried out in October-December 2020 by the Boston Consulting Group has discovered the top 10 destinations for expat workers. Among the top 10 expat worker destinations are Canada, the United States, Australia, Germany and the United Kingdom.
Environmental Sector Needs to Fill 173,000 Canadian Job Openings
ECO Canada reported that 34,600 Canadian jobs were added to the country's environmental sector during 2020 and forecasts that another 173,000 jobs in Canada will need to be filled by 2026. There is a growing demand in Canada for environmental products and services. plus more Canadians are interested in sustainable clean energy.
Strong Hiring Predicted for the US This Year
Goldman Sachs is forecasting increased US job creation during 2021 and predicts the unemployment rate will drop to 4.1% by the end of this year. A combination of factors are expected to drive the surge in US employment during 2021, including pent-up demand to spend by consumers with a lot of cash available, as well as expansion of the vaccination programs across the country, resulting in the re-opening of more business sectors.
Most British Businesses Plan to Hire Workers
A survey of 2,000 companies across the United Kingdom found that 56% are planning to hire new workers during the first quarter of 2021. Education, finance and insurance, healthcare and information technology (IT) were the business sectors with the strongest intentions to hire more workers.
Google to Hire 10,000 US Workers in 2021
One of the world's largest technology firms announced in March 2021 that it will hire 10,000 workers across the United States this year. The CEO of Google declared that Google wants to help with America's economic recovery by investing $7 billion in data centers and offices through the USA and generating 10,000 new jobs in the USA.