Posted on February 15 2024
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The present labour force in the US is said to have 160 million people. Around 2,48,000 jobs were added in the past six months, with an unemployment rate of 3.7 per cent.
Recruitment in the US was at an all-time high during the pandemic owing to a surge in online platforms. The normalisation of the economy revealed that companies that over-hired during the pandemic are now relieving employees they no longer need.
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Data suggests that some major US companies have been hiring more people in the last three months.
The table below provides details about new job trends in US industries:
Month | Industry | Total Number of Jobs added |
November, December, and January combined | Manufacturers | 56,000 |
Restaurants, hotels and entertainment companies | 60,000 | |
Health care providers - hospitals, doctors' offices, and dentists | 3,00,000 | |
October | Accountants, engineers, lawyers and their support staff | 1,20,000 |
September | Federal, state and local governments | 1,20,000 |
As many as 353,000 jobs were added in January by American businesses and other US employers, marking the most significant monthly haul in a year. The estimated job gains in November and December were around 126,000, per the new Government revisions.
Here are some of the reasons for layoffs in the US:
According to recent data, the US economy expanded at a healthy rate of 3.3% annually in the October-December quarter. ADP shows that private sector companies continue to hire people while maintaining the country's overall employment stability.
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Web Story: Which industry is hiring and which industry is firing workers in America?
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Bulgaria Granted Citizenship to Over 16,000 People in 2024
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According to the Bulgarian authorities, the country granted citizenship to many foreign nationals in 2024, surpassing the 2023 numbers. The recent Schengen news report reveals that more than 16,000 people have received Bulgarian citizenship, thus becoming EU citizens. This recorded a 33.3 percent increase in 2023 when Bulgaria granted citizenship to 12000 foreign nationals.
In 2023, more than 2,400 Ukrainians received a Bulgarian passport. With more than 200 fewer citizenship acquisitions, Turkish nationals rank second, with 2,200 of them obtaining Bulgarian citizenship in 2024.
According to the report, Ukrainian and Turkish citizens were the top beneficiaries of Bulgarian citizenship in 2024. Below is the table of nationalities that were granted Bulgarian passport:
Nationalities |
Total passport granted |
Ukrainian |
2,400 |
Turkish |
2,200 |
Moldova |
1,800 |
North Macedonians |
1,700 |
Other than that, there are other nationalities followed by the nationalities mentioned above:
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Finland plans to fast-track Residence Permits for international students
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The Finnish government plans to fast-track the process of obtaining residency permits for students; while on the other hand, Finland is also proposing to tighten the process of family reunification visas. Once this proposal is implemented by Finland, international students will have the opportunity to become permanent residents without having to complete the required residency period as they currently do.
Finland needs more highly skilled workers, which could increase the number of arrivals at Finnish universities. This new change is expected to make Finland a more attractive destination for International students. By attracting more students in highly qualified skilled fields, the government aims to address the labor shortage across the country.
The proposal will be effective from March 7, 2025, and some of the changes will include foreign nationals to obtain a PR:
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As per recent stats, Finland received 63,000 student applications in 2024, three per cent more than the previous year. Around 53,800 applications were from international students, representing 80 per cent of students outside the EU. The top ten nationalities of International students in Finland:
Other than information and communication technologies (ICT), study programs like business, administration, and law were the popular choice for International students.
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