As the years pass, Americans seem to become busier and busier, leaving more vacation time unused than ever before while spending more on what vacation they do enjoy. Last year almost half of working Americans used only some of their paid vacation time, according to US Travel Association’s Project Time Off, with more than 650 million days left unused.
While researchers debate the economic and employee health consequences of unused vacation days, another debate continues in the United States around the value of establishing state and/or federally mandated paid vacation benefits.
Expenditures by US travelers is expected to grow during the next 10 years, but whether new company-specific vacation benefits or potential regulatory requirements will encourage similar growth in vacation days used remains anyone’s guess.
The United States being the biggest economy in the world significantly influences the global economic situation. The US economy is comprehensively covered by data and statistics from multiple government and private sources. We selected the most significant and up-to-date ones and presented them in this cheat sheet.
The number of new jobless claims reported weekly to the U.S. Department of Labor is considered a leading forward indicator for jobs growth in the US labor market and is thereby linked to expectations for economic growth and potential moves by the US Federal Reserve to increase interest rates. According to the most recent data:For the week ended 8 April, the number of initial jobless claims - e.g. new jobless claims - decreased by 1,000 to 232,000, nearing the 227,000 reported in March. Whereas initial jobless claims decreased, the total number of persons receiving unemployment benefits - e.g. "continued claims" or "insured unemployment" -...
Private-sector employment increased by 234,700 from January to February on a seasonally adjusted basis according to the ADP National Employment Report. Most Recent Report | Monthly Growth
Across the middle-income countries of the developing world, policy makers are keenly aware that increased longevity and aging populations will place significant and growing burdens on working age adults in the near future. Event holder: The World Bank
The 16th Asia and the Pacific Regional Meeting (APRM) of the International Labour Organization (ILO) will bring together the ILO’s tripartite constituents from throughout Asia, the Pacific and the Gulf and Arab states. About 450 people are expected to attend. Government ministers, representatives of workers' and employers' organizations, and academics from about 40 countries will discuss regional world-of-work priorities and the ILO’s vision for realising decent work from 2016 to 2021. Event Holder: International Labour Organization Source of data: World Development Indicators (WDI), July 2016, Economic Outlook No 99, June 2016, The...