Labor Shortage News
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Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find.
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Design engineer Stephanie Thompson quit her job in Australia’s mining industry and moved with her husband to New Zealand to help rebuild the earthquake-damaged city of Christchurch.
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Singapore stuck to a policy of allowing gradual gains in its currency even after the economy unexpectedly contracted last quarter, as inflationary pressures curbed scope for monetary stimulus.
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Asian stocks fell from the highest level in 20 months, paring the biggest weekly advance since September. Most Japanese shares dropped as the yen strengthened against the dollar.
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Standing on a street corner near Foxconn Technology Group’s plant in central China that makes iPhone 5 handsets, employee Wang Ke says he’ll quit if his wage doesn’t double.
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I was reminded recently by film critic and Twitter celebrity Roger Ebert that the genius of Alfred Hitchcock extended from drama, suspense and black humor all the way to sustainability.
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The Alpina Foods Inc. plant that just opened in Batavia, New York, to feed the nation’s growing appetite for Greek-style yogurt should have nearby dairy farmers such as Matt Lamb scrambling to expand their herds.
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Macau’s $34 billion gambling industry has an obstacle. With 28 million visitors and 21 percent economic growth last year, Macau is confronting a severe labor shortage.
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Brazil’s unemployment rate rose more than analysts predicted in January as the world’s second-biggest emerging economy continues to respond slowly to government efforts to spur growth.
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An unprecedented outflow of New Zealand citizens last year for jobs and better pay in Australia is leaving the nation’s earthquake-hobbled economy vulnerable to a labor shortage during rebuilding.
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