London is having a sunny moment.

It’s the fastest growing western city and one of the top in the world, according to a new report from the Brookings Institution.

London placed No. 26 for economic performance out of the world’s 300 major cities. That’s significant for a place that’s already developed, says Joe Parilla, an author of the report.

London grew faster last year than Austin, the highest-ranked U.S. city on Brookings’ list, which clocked in at 38th.

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The rate of employment in Scotland has reached a new record high according to new official figures, though Scotland’s jobless total also rose by 7,000 between September and November.

Latest official figures from the Office for National Statistics suggest the number of adults in work in Scotland was 50,000 ahead on the same period last year.

However, while the number employed rose to 2,612,000 in the period September to November of last year, unemployment has also increased by 7,000 to reach 158,000, though down 20,000 on the same three months in the 2013 year.

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Northern Ireland plans to cut 20,000 public-sector jobs over four years as part of a bid to put the province’s finances on a more sustainable footing, the region’s finance minister said on Monday.

The cuts, out of the province’s total workforce of 820,000, are part of a wide-reaching political agreement reached in December that paves the way for Northern Ireland to cut its corporate tax rate to better compete with the Republic of Ireland for foreign direct investment.

The Northern Ireland government hopes to make the job cuts through voluntary redundancies and a hiring freeze rather than layoffs.

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Jan/15

22

NZ: Skilled Workers Have Pick Of Jobs

Employers are having trouble filling positions in Wairarapa, particularly trade roles.

According to the latest Trade Me statistics, the number of jobs advertised on the site in Wellington – including the Wairarapa – from October to December 2014, grew by 7.6 per cent compared to the same quarter in 2013.

Horne Logging owner Bernard Horne said he for one had found it difficult to get staff.

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Australia’s unemployment rate has unexpectedly fallen to 6.1 per cent, with 37,400 jobs added, mostly full-time.

Economists surveyed by Bloomberg had typically been expecting unemployment to remain stuck at 6.3 per cent, but the Bureau of Statistics data showed unemployment fell to 6.1 per cent in December from a downwardly revised 6.2 per cent in November.

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A survey has revealed that staff are getting restless about their pay, with just under a third of workers saying they were satisfied with their salary. A total of 41pc said they would ask for a small pay rise this year, while 28pc said they intended to ask their boss for a big raise.

Almost half of workers surveyed were prepared to move jobs for more money. One in three were confident they could find a new job in less than three months, but most believed it would take longer.

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Graduates like Alison Diffey are the face of Australia’s new generation of teachers who are flocking overseas to places like the United Kingdom to find work.

Last year research from the University of Melbourne revealed more than 44,000 trained teachers in NSW were waiting for a permanent job and only 16,000 graduates found work in the first four months.

Despite handing out 100 CVs and applying for 50 jobs across NSW Ms Diffey is still without a full time job.

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Skilled job vacancies advertised online increased by 1.1 per cent for the month of December, and were up 7.4 per cent in the past year to December, according to the latest Ministry of Business, Innovation and Employment’s Jobs Online report.

The number of vacancies for skilled jobs grew in eight out of ten regions across New Zealand during the year. The biggest annual increases were in the Bay of Plenty (up 20.6 per cent), Otago/Southland (up 11.2 per cent) and Auckland (up 10.3 per cent). In contrast, skilled vacancies fell in Wellington (down 4.3 per cent) and Northland (down 1.0 per cent).

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Paul Bloxham, the HSBC economist who coined the phrase ‘rock star economy’ for New Zealand’s economic growth last year, is forecasting the country will remain one of the strongest performing developed economies in 2015.

Bloxham and colleague Daniel Smith released an economic report today that predicts the encore for the rock star will be gross domestic product growth slowing to 3 per cent this year from 3.3 per cent in 2014 which would see New Zealand continue to outperform most other developed nations.

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New Zealanders were more downcast about their job and earnings prospects in the December quarter as falling commodity prices weighed on rural economies and seeped into the cities, according to the Westpac McDermott Miller employment confidence survey.

The index fell 4.9 points to 106.5 in the December quarter, with present conditions largely unchanged at 102.2, but employment expectations sliding 7.9 points to 109.4. A reading above 100 indicates more optimists outweigh pessimists. The decline snapped seven quarters of gains, and fell from a six-year high in the September period.

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