Report: Sickness attendance costs billions in the UK
The loss of productivity due to employees going to work even though they are sick has increased by £25 billion per year in the UK since 2018. This is what the think tank IPPR writes in a new report according to The Independent.
"British workers are too often forced to work sick when it is inappropriate, damaging their well-being and reducing productivity," says Jamie O'Halloran, senior researcher at IPPR.
A spokesperson for the Ministry of Labor and Pensions tells the newspaper that no one should have to choose between health and finances and that there are therefore plans to strengthen health insurance.
The loss of productivity due to employees going to work even though they are sick has increased by £25 billion per year in the UK since 2018. This is what the think tank IPPR writes in a new report according to The Independent.
"British workers are too often forced to work sick when it is inappropriate, damaging their well-being and reducing productivity," says Jamie O'Halloran, senior researcher at IPPR.
A spokesperson for the Ministry of Labor and Pensions tells the newspaper that no one should have to choose between health and finances and that there are therefore plans to strengthen health insurance.
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ECB vs inflation
Eurozone inflation higher than expected in July
Eurozone inflation was slightly higher than expected in July, according to Eurostat's preliminary statistics.
Compared to July last year, consumer prices rose by 2.6 percent, up from 2.5 percent in June. The advance tips were that inflation would, on the contrary, slow down to 2.4 percent, according to Trading Economics' advance estimate.
Core inflation remained at 2.9 percent, compared with the expected 2.8 percent.
The price increases for services are still at a higher level but fell back from 4.1 to 4.0 percent.
Inflation measured by the broad HICP measure rose in eleven of the 20 euro countries.
Eurozone inflation higher than expected in July
Eurozone inflation was slightly higher than expected in July, according to Eurostat's preliminary statistics.
Compared to July last year, consumer prices rose by 2.6 percent, up from 2.5 percent in June. The advance tips were that inflation would, on the contrary, slow down to 2.4 percent, according to Trading Economics' advance estimate.
Core inflation remained at 2.9 percent, compared with the expected 2.8 percent.
The price increases for services are still at a higher level but fell back from 4.1 to 4.0 percent.
Inflation measured by the broad HICP measure rose in eleven of the 20 euro countries.
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The Fed vs Inflation
ADP: Employment in the US increases less than expected
U.S. private employment rose less than expected in July, according to an ADP survey. The number of people employed in the sector increased by 122,000 people – expected according to Trading Economics was 150,000.
The statistics also show that the wage growth rate is decreasing, down to 4.8 percent from 4.9 percent in June.
ADP's chief economist Nela Richardson says in a comment that the slowing wage growth plays into the Fed's attempt to slow inflation.
- If inflation rises now, it is not the labor market's fault, she says.
The US Department of Labor releases the official figures on Friday. The forecast then points to an increase of 175,000 people, and 150,000 in the private sector.
ADP: Employment in the US increases less than expected
U.S. private employment rose less than expected in July, according to an ADP survey. The number of people employed in the sector increased by 122,000 people – expected according to Trading Economics was 150,000.
The statistics also show that the wage growth rate is decreasing, down to 4.8 percent from 4.9 percent in June.
ADP's chief economist Nela Richardson says in a comment that the slowing wage growth plays into the Fed's attempt to slow inflation.
- If inflation rises now, it is not the labor market's fault, she says.
The US Department of Labor releases the official figures on Friday. The forecast then points to an increase of 175,000 people, and 150,000 in the private sector.
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Summer tourism in Europe
The Nordics are competing for tourists - "coolcation" is continuing
The heat waves in Southern Europe have led to more and more tourists looking for the Nordic countries and the so-called "coolcation" trend is expected to continue, writes Dagens Industri.
Although parts of northern Sweden are experiencing record years, Sweden is lagging behind, according to Susanne Andersson, CEO of Visit Sweden. Denmark in particular is popular, and the country overtook Sweden for the first time last year in the number of guest nights. A similar trend continues this year.
- We are losing market share, says Susanne Andersson to DI.
The Nordics are competing for tourists - "coolcation" is continuing
The heat waves in Southern Europe have led to more and more tourists looking for the Nordic countries and the so-called "coolcation" trend is expected to continue, writes Dagens Industri.
Although parts of northern Sweden are experiencing record years, Sweden is lagging behind, according to Susanne Andersson, CEO of Visit Sweden. Denmark in particular is popular, and the country overtook Sweden for the first time last year in the number of guest nights. A similar trend continues this year.
- We are losing market share, says Susanne Andersson to DI.
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