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COMMENTARY

Global jobs abound but wage gains stay soft

The disconnect stems from economists and policymakers underestimating slack in the labour market, which augmented the level of full employment

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Jobless rates have been falling across the Group of Seven industrialised economies and are projected to ease further this year, even as unemployment rates in emerging-market nations are on the cusp of a turnaround.

Washington 

WHILE many workers of the world are rallying around the strongest labour market in at least a decade, lacklustre pay growth is keeping their enthusiasm in check.

Jobless rates have been falling across the Group of Seven industrialised economies and are projected to ease

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