The Economist: The Great Jobs Boom – 21.19

This Week On The Economist No.21:

Zimbabwe struggles to keep its fledgling currency alive
Most currencies have snappy names, some have unfortunate ones. Few have names as cumbersome as Zimbabwe’s Real-Time Gross-Settlement Dollars, also known as rtgs-dollars or “zollars”. Hard to say, the new currency is also hard to price. Last week it lost about 20% of its value against the American dollar. This week it zagged, then zigged again

American importers of metals from Canada and Mexico gain relief from tariffs
On May 19th President Donald Trump declared that steel and aluminium from Mexico and Canada no longer posed a threat to America’s national security, and the next day the tariffs were no more. “This is just pure good news for Canadians,” said Justin Trudeau, Canada’s prime minister.

The rich world is enjoying an unprecedented jobs boom
Everyone are facing a precarious future, as machines threaten to make them unemployable. As we report this week, most of the rich world is enjoying a jobs boom of unprecedented scope. Not only is work plentiful, but it is also, on average, getting better. Capitalism is improving workers’ lot faster than it has in years, as tight labour markets enhance their bargaining power.

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