Tag: Santos

President says will not bow down to external threats

He invited other political party’s supporting the SLFP and those who are willing to do so in the future to contest as a common front at future polls under the ‘Hand’ symbol. President Sirisena also invited SLFP parliamentarians in the Joint Opposition group to work within the party to form an SLFP led government in the future.“I took over the leadership to form a SLFP led government,” the President added. President Maithripala Sirisena today asserted that he will not bow down to any external threats.The President expressed this view at the Sri Lanka Freedom Party (SLFP) 65th anniversary event in Kurunegala today. Former President Mahinda Rajapaksa and several SLFP members of the joint opposition did not attend the event. Speaking at the event, President Sirisena said all members of the party must unite to strengthen the SLFP instead of threatening to create new political parties. While observing that some were attacking him both openly and in secrecy, the President questioned whether they were conspiring against him as he is a man from humble background. He pointed out that he is the President who is mostly close to the general public as he came from a humble background when compared to the other six Executive Presidents in the country.“Why are they challenging me? Why are they attacking me? Is it because I am an ordinary small man? Is it because I am the first President of Sri Lanka to have been born in a mud hut? Is it because I am the son of a poor farmer? Is it because I am not part of the traditional ruling class of this country?” he queried.The President also stressed on the need to reorganize the party and form a clean political movement. He said the foundation for a clean political movement is necessary to form an SLFP led government in the future. read more

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US employers advertised 467 million job openings in June most since February

WASHINGTON – U.S. employers in June advertised the most monthly job openings in more than 13 years.Employers posted 4.67 million jobs in June, up 2.1 per cent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy.The report “provides further confirmation that the US labour market has indeed shifted to a period of stronger growth,” said Jeremy Schwartz, an analyst at the bank Credit Suisse.Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. It records job postings, overall hiring and the number of workers who either quit or were laid-off. By contrast, the monthly employment report shows the net total of job gains or losses.Federal Reserve Chair Janet Yellen relies on the JOLTS report as a barometer for economic conditions. The June figures indicate that employers are looking to expand, yet actual hiring has not increased as significantly in recent months.Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year. Quit rates usually rise when employees are finding new and better-paying jobs.Hiring rose in June to 4.83 million, up from 4.74 million in May. Still, the hiring rate has not risen over the past year as quickly as the number of positions being advertised.Job openings have increased 17.6 per cent during the past 12 months, while hiring has risen 9.3 per cent during the same period.This suggests a mismatch in the jobs market.Some economists interpret the slower pace of hiring as a sign that workers lack the necessary skills. People who previously worked in manufacturing or construction might not have the right background to segue into the health care sector.The other possibility is that companies are offering low wages that fail to attract the workers they want. If companies offered higher salaries, which could cause more openings to be filled and boost wages, which have barely match inflation since the recession ended more than five years ago.But the pressure on employers to offer more generous wages could be increasing. On average, there are 2 unemployed workers for every job opening. That’s down from an average of 2.6 unemployed people per opening at the start of the year. As that ratio continues to fall, employers will likely have to boost salaries. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US employers advertised 4.67 million job openings in June, most since February 2001 by Josh Boak, The Associated Press Posted Aug 12, 2014 9:25 am MDT read more

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