Turkey's 2024 Socioeconomic Review: Stagnant Wages, Falling Unemployment Mask Deeper Issues
Turkey's 2024 saw a 2.5% rise in registered salaried employees to 15,837,471, but a 30% minimum wage increase failed to match inflation, affecting low-income households. Unemployment fell to 8.8%, but high inactivity and inequality persist, threatening future growth as the demographic dividend close...
Turkey's 2024 Socioeconomic Review: Stagnant Wages, Falling Unemployment Mask Deeper Issues
Turkey's 2024 saw a 2.5% rise in registered salaried employees to 15,837,471, but a 30% minimum wage increase failed to match inflation, affecting low-income households. Unemployment fell to 8.8%, but high inactivity and inequality persist, threatening future growth as the demographic dividend close...
Progress
48% Bias Score
Staff Shortages Cripple German Daycares, Exacerbating Work-Life Imbalance
Due to staff shortages and closures, German daycare centers are unreliable, forcing parents to reduce work hours or rely on informal care, according to economist Monika Schnitzer, who highlights the need for more funding and personnel to address a 125,000-person shortfall in qualified staff.
Staff Shortages Cripple German Daycares, Exacerbating Work-Life Imbalance
Due to staff shortages and closures, German daycare centers are unreliable, forcing parents to reduce work hours or rely on informal care, according to economist Monika Schnitzer, who highlights the need for more funding and personnel to address a 125,000-person shortfall in qualified staff.
Progress
48% Bias Score
Rising Number of Young Adults in Germany Lacking Vocational Training
The number of 20-34 year-olds in Germany without vocational training rose from 14.4% in 2018 to 19.1% in 2022 (2.86 million), driven by declining school performance, the three-tiered school system, and immigration, resulting in high unemployment and economic challenges.
Rising Number of Young Adults in Germany Lacking Vocational Training
The number of 20-34 year-olds in Germany without vocational training rose from 14.4% in 2018 to 19.1% in 2022 (2.86 million), driven by declining school performance, the three-tiered school system, and immigration, resulting in high unemployment and economic challenges.
Progress
52% Bias Score
Record Working Holidaymaker Numbers Challenge Australia's Migration Goals
Australia welcomed a record 213,400 working holidaymakers by November 2024, surpassing pre-COVID levels by 72,300, driven by a strong labor market and relaxed UK visa rules, posing a challenge to the government's migration targets ahead of the federal election.
Record Working Holidaymaker Numbers Challenge Australia's Migration Goals
Australia welcomed a record 213,400 working holidaymakers by November 2024, surpassing pre-COVID levels by 72,300, driven by a strong labor market and relaxed UK visa rules, posing a challenge to the government's migration targets ahead of the federal election.
Progress
36% Bias Score
Armenia's Rising Job Numbers Mask Persistent Unemployment Crisis
Armenia's November 2024 employment figures show 782,832 jobs, a 3,681 increase from October 2024, yet unemployment rose to 15.5% in Q1 2024 and 13.8% in Q2 2024, prompting a new government strategy with 103 measures and 870 billion AMD in funding to address regional disparities, youth unemployment, ...
Armenia's Rising Job Numbers Mask Persistent Unemployment Crisis
Armenia's November 2024 employment figures show 782,832 jobs, a 3,681 increase from October 2024, yet unemployment rose to 15.5% in Q1 2024 and 13.8% in Q2 2024, prompting a new government strategy with 103 measures and 870 billion AMD in funding to address regional disparities, youth unemployment, ...
Progress
48% Bias Score
US Economy Poised for Continued Growth in 2025
The US economy is poised for continued growth in 2025, driven by a strong labor market, solid consumer spending, and anticipated interest rate cuts by the Federal Reserve, despite existing inflation and geopolitical risks.
US Economy Poised for Continued Growth in 2025
The US economy is poised for continued growth in 2025, driven by a strong labor market, solid consumer spending, and anticipated interest rate cuts by the Federal Reserve, despite existing inflation and geopolitical risks.
Progress
44% Bias Score
Spanish Household Savings Surge to 7.1% in Q3 2024
Spanish household savings surged to 7.1% of gross disposable income in Q3 2024, a 1.6-point increase year-on-year, driven by lower inflation (2.5% annual average), strong job growth (21.3 million employed), and wage increases.
Spanish Household Savings Surge to 7.1% in Q3 2024
Spanish household savings surged to 7.1% of gross disposable income in Q3 2024, a 1.6-point increase year-on-year, driven by lower inflation (2.5% annual average), strong job growth (21.3 million employed), and wage increases.
Progress
24% Bias Score
Gig Economy Expands into Retail: Flexibility and Risks
Gig economy apps like Young Ones and Temper are facilitating the shift to on-demand staffing in retail and restaurants, offering flexibility but raising concerns about worker rights and economic stability; almost 5 million people in the US declared platform-based income in 2023.
Gig Economy Expands into Retail: Flexibility and Risks
Gig economy apps like Young Ones and Temper are facilitating the shift to on-demand staffing in retail and restaurants, offering flexibility but raising concerns about worker rights and economic stability; almost 5 million people in the US declared platform-based income in 2023.
Progress
36% Bias Score
Greece Lowers Social Security Contributions in 2025
Greece will reduce social security healthcare contributions by one percentage point starting January 2025, benefiting both employers and employees in the public and private sectors, resulting in slightly higher take-home pay and reduced costs for employers, with an estimated cost of €430 million.
Greece Lowers Social Security Contributions in 2025
Greece will reduce social security healthcare contributions by one percentage point starting January 2025, benefiting both employers and employees in the public and private sectors, resulting in slightly higher take-home pay and reduced costs for employers, with an estimated cost of €430 million.
Progress
36% Bias Score
Trigema's Smooth Generational Shift and Continued Success
Wolfgang Grupp senior stepped down as head of Trigema in early 2024, handing leadership to his children, Bonita and Wolfgang Grupp junior, while remaining involved in production. The company, known for its German manufacturing and diverse sales channels, achieved a turnover of €113 million in 2024.
Trigema's Smooth Generational Shift and Continued Success
Wolfgang Grupp senior stepped down as head of Trigema in early 2024, handing leadership to his children, Bonita and Wolfgang Grupp junior, while remaining involved in production. The company, known for its German manufacturing and diverse sales channels, achieved a turnover of €113 million in 2024.
Progress
56% Bias Score
German Nursing Home Avoids Closure After Public Outcry Prevents Deportation of Colombian Caregivers
Ten Colombian caregivers at a German nursing home for dementia patients, who had their asylum requests denied, were granted a temporary reprieve from deportation through a vocational training program following a public outcry and a petition with 84,000 signatures.
German Nursing Home Avoids Closure After Public Outcry Prevents Deportation of Colombian Caregivers
Ten Colombian caregivers at a German nursing home for dementia patients, who had their asylum requests denied, were granted a temporary reprieve from deportation through a vocational training program following a public outcry and a petition with 84,000 signatures.
Progress
60% Bias Score
Challenges Loom for American Job Market, Underscoring Need for Family Support
The American job market, strong after recent growth, is expected to face challenges due to potential administrative changes and rapid shifts, making family support crucial for job seekers facing a potentially prolonged search, averaging 23.2 weeks.
Challenges Loom for American Job Market, Underscoring Need for Family Support
The American job market, strong after recent growth, is expected to face challenges due to potential administrative changes and rapid shifts, making family support crucial for job seekers facing a potentially prolonged search, averaging 23.2 weeks.
Progress
56% Bias Score