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China vows zero tolerance for “separatist activities” in Taiwan and reaffirms that it would take the self-ruled island by force if necessary. The US ratifies Finland and Sweden's accession to NATO. Russian Transneft stops oil deliveries through the Druzhba pipeline to Slovakia, Hungary and the Czech Republic. Analysis: The Labor Market Amid the Continuing Great Resignation.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: The Labor Market Amid the Continuing Great Resignation

Large-scale economic shifts precipitated by uneven recovery from the coronavirus pandemic prompted the historic departure of workers from their jobs, a phenomenon a UK professor dubbed “the Great Resignation.” Starting in early 2021, stagnating wages, the increase in remote work, and COVID-19 safety concerns led to unprecedented quit rates in the US and, since then, persistent labor shortages and rising costs of living have fueled continuing reshuffling in the labor market.

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