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Friday’s jobs report: Don’t accept simple headlines, finance professor warns

Work Life

As a professor of finance , I think these simple storylines aren’t helpful to investors. I get it: There’s so much information in the two job reports the Bureau of Labor Statistics releases each month that you can pick and choose the data you find important. Too many jobs were created in government, and too few in manufacturing.

Finance 98
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It will take more than government funding for the world to reach net zero

Workplace Insight

Climate finance was central to discussions at COP28 in Dubai and funding to reach net zero and restore biodiversity is still falling short. The initial investments demand substantial funding, often beyond the capacity of many individual businesses or governments. Examples of its use are already prominent.

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Getting the long term unemployed back into work will transform the economy, says Government adviser

Workplace Insight

The rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Kendall praised Milburn’s report as “brilliant” but stopped short of endorsing his proposal to impose conditions on sickness benefits.

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Act now on retrofitting if you want to boost commercial property values, new report argues

Workplace Insight

For European real estate owners and investors already on a journey to net-zero-carbon through retrofitting, upfront spending has the potential for long-term rent and capital-value accumulation, according to a new report from Colliers. What’s more, they don’t know how or from where these upgrades can be financed.

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Britain sees fewer female leaders in 2024

Work Life

” Women still hold only 9% of chief executive (CEO) roles on FTSE 350 companies and 18% of top finance (CFO) positions – although they account for over 44% of chartered accountant roles, The Pipeline’s 2024 Women Count report showed. That number is down from 20% in 2023.

Finance 98
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UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

Workplace Insight

A new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technology. The report, titled Unlocking the UK’s AI Potential , claims to highlight several ways the technology can benefit the UK economy.

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Why Japan wants its citizens to try a 4-day workweek

Work Life

The Japanese government first expressed support for a shorter working week in 2021, after lawmakers endorsed the idea. Although 85% of employers report giving their workers two days off a week and there are legal restrictions on overtime hours, which are negotiated with labor unions and detailed in contracts. Fast Retailing Co.,