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US April Non - farm Payrolls Report: A Key Variable for Markets
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The US April non - farm payrolls report is set to be a crucial variable for the markets. The market generally expects the addition of 130,000 jobs, the unemployment rate to remain at 4.2%, and the annual growth rate of average hourly earnings to slow to 3.9%. If the data is significantly lower than expected, say the new jobs added are less than 100,000, it may intensify market concerns about a "hard landing" of the US economy, pushing the US dollar index down to test the 98.5 support level, and the pound - dollar exchange rate may test the 1.34 resistance area.more
Canada's Occupational Outlook: 8.1 Million Job Vacancies Expected in the Next Eight Years
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According to the latest report of the Canadian Occupational Projection System (COPS) released by Employment and Social Development Canada (ESDC), Canada is expected to see 8.1 million job vacancies in the next eight years. Nearly 70% of these vacancies will be triggered by a large-scale wave of retirements, while the remaining job demands will be brought about by economic growth.more
Air Travel Set to Undergo Revolutionary Change with Digital Travel Credential
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In the future, air passengers may no longer need physical boarding passes or wait in long queues at the airport to complete cumbersome check - in procedures. The International Civil Aviation Organization (ICAO), a United Nations - affiliated agency, is actively promoting a revolutionary air travel reform plan. The aim is to globally promote the "Digital Travel Credential" (DTC) within three years, completely transforming the existing airport clearance and flight check - in processes.more
Global Travel Market Dynamics: U.S. Leads, China Rises, Emerging Destinations in Focus
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The Economic Impact Trends 2024 report, published by the World Travel & Tourism Council (WTTC), reveals the rich landscape and dynamics of the global travel and tourism market. The report shows that the United States remains the world's strongest travel and tourism market, contributing a record $2.36 trillion to the U.S. economy last year. Despite a slow rebound in spending by international travelers, the U.S., with its strong tourism resources and market appeal, has remained in the lead, contributing almost twice as much to the economy as its closest competitor.more