Employment in Europe, the Middle East and North Africa may have increased in the first quarter of 2014, but little has changed on the job front in the last month as the regions focus on creating sustainable economic growth.
The Guardian reported that job creation rates are at an all-time high in the U.K., with the unemployment number dipping to a five-year low. According to the source, the rate dropped to 6.8 per cent, the lowest it's been since February 2009. Although the employment situation has drastically improved in the U.K. over the past couple of years, Vince Cable, the business secretary of the U.K., explained that these numbers may indicate that the labor market has become too flexible and, if it doesn't even out soon, could lead to disastrous results.
According to the recently released Monster Employment Index for the Middle East, employment increased 20 per cent between April 2013 and April 2014, Zawya reported. Sanjay Modi, the managing director of Monster, said that many of the regions reported growth in this time frame, the strongest being banking, financial services and insurance, and health care.
African officials have continued to work with the Chinese government to help spark further job growth in both regions, CNTV reported. As the two areas work together to improve their economies, Chinese Premier Li Keqiang explained during his African tour that Chinese officials will continue to focus on local employment and working conditions during the first few months of their partnership.