Overseas Headlines – November 29, 2021

United States:

U.S. Jobs Report Expected to Show Another Strong Increase: Eco Week Ahead

“U.S. employers probably added more than half a million workers for a second straight month in November, pushing the labor market closer to a full recovery despite swirling inflation worries and persistent Covid-19 infections. Payrolls are expected to rise by 550,000 and the unemployment rate to edge down to 4.5%, according to the median estimates of economists ahead of Labor Department data due Friday in Washington.”



German Inflation Surges to 6% as ECB Insists Spike Will Pass

“German inflation surged more than expected in November, complicating the European Central Bank’s mission to convince consumers that the current spike will soon ease. Prices increased an annual 6% under a European-Union harmonized measure. A national gauge rose to 5.2%, the highest since 1992.”



Japan Labor Boss Finds Widespread Resistance to Female Leaders

“Attempts to appoint female leaders in Japan meet with resistance from men and women who see them as running counter to traditional values, according to the new head of the country’s biggest federation of labor unions.  “The perception that roles should be divided by gender remains strong,” said Tomoko Yoshino, the first woman to become president of the 7-million-member Japanese Trade Union Confederation, also known as Rengo. “Even if women are capable, they lack confidence. Men are able to pass as capable, even if they’re not. I sense that disparity very strongly.”



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