Posted by Elena del Valle on July 27, 2021
Latest OECD employment and unemployment numbers – click to enlarge
Graphic: OECD
According to an embargoed press release from the Organisation for Economic Co-operation and Development (OECD), the OECD area employment rate rose to 66.8 percent in the first quarter of 2021 from 66.7 percent in the previous quarter; wide disparities across countries are visible. The organization defined OECD area employment rate as the share of the working-age population with jobs.
In the first quarter of this year in the United States employment was 68.4 percent compared to 66.9 percent in the euro area, and 77.6 percent in Japan. It is notable that the Netherlands had a 79.3 percent employment rate, the highest in the region, and Greece 59.9 percent, the region’s minimum.
The press release clarified the following: Methodological changes to the European Union (E.U.) Labour Force Survey blur the comparison between the fourth quarter of 2020 and the first quarter of 2021 for EU countries. In addition, a large part of the increase in the third and, to a lesser extent, fourth quarter of 2020 reflects the return to work of furloughed workers in Canada and the United States, where they are recorded as unemployed, whereas in most other countries, they are recorded as employed.
Working with over 100 countries, the OECD is “a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world.”
Posted by Elena del Valle on July 27, 2020
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Posted by Elena del Valle on March 11, 2020
Patch adhesive strips
Photo: HispanicMPR.com
Nutricare, an Australian company, released Patch, a line adhesive strips described as 100 percent compostable and hypoallergenic. Made somewhere in China (Guangzhou, China is listed on the package) from bamboo fiber the strips are free of plastics, latex, silicone, and harmful toxins, according to promotional materials. They are designed for easy pain-free removal with sensitive skin and aged skin in mind. Each package of 25 strips retails for just under $9 and has an expiration date. The sample packages we received expire June 2021.
“The bandages and all packaging breaks down into soil in just a matter of weeks,” according to a company press release. Four product lines are available Patch Natural, Patch Coconut Oil Kids for abrasions and grazes, Patch Aloe Vera for burns and blisters, and Patch Activated Charcoal for bites and splinters.
In the United States, the products are for sale on the company website, Amazon, Grove Collaborative, Anthropologie and CVS as well as select grocery stores and specialized retailers. The Patch website indicates the company uses a Lyocell production process (a cellulose fabric made by an organic solvent spinning process), “considered to be the most environmentally friendly method of manufacturing bamboo cloth fibre. This is because it is more sustainable than most common chemical processing methods.”
According to the product website, the brand uses “specially curated pressure sensitive adhesive (PSA) formulation, made from a combination of minerals and applied with nano technology process (think tiny suction cups)” to adhere to the skin. According to a press release Nutricare is an “environmentally conscious and solutions-focused brand” working to create natural solutions to common health care items.
Posted by Elena del Valle on January 2, 2020
Posted by Elena del Valle on March 20, 2019
Although the space is called Maison F.P. Journe the sign above the store reads F.P. Journe Invenit et fecit.
Photos: Kris Tamburello
Last month Francois Paul Journe and Pierre Halimi Lacharlotte opened Maison F.P. Journe, a watch boutique offering upscale liquor and Petrossian snacks, in
Miami (270 Biscayne Boulevard Way, Suite 101, Miami, Florida 33131, 305-993-4747, miami@fpjourne.com). The 3,200 square foot space will sell 15 Swiss watch models in different iterations. The shop has seating capacity for 42. It includes 10 bar seats and two lounges inside the boutique, as well as seating for 20 on the outside Terraza Astondoa, a cigar lounge. The exterior sign of the store reads: F.P. Journe Invenit et fecit. The last three words, according to a spokesperson, translate to “invented and made” from Latin, and is meant to certify that “each of the watches carrying FPJ’s name results from an entirely original conception with rigorous craftsmanship.”
The shop has seating capacity for 42.
The owners expect the shop to attract affluent people in Miami, liquor connoisseurs, watch aficionados, caviar fans and “anyone who enjoys an elevated bar and retail experience.” The space includes Bar Journe, an upscale bar that serves curated bites, Petrossian caviar and rare liquors. The outdoor lounge area outfitted by Spanish yacht-maker Astondoa is described as offering stunning views of Miami and cigars by La Flor Dominicana.
François-Paul Journe, co-owner, Maison F.P. Journe
A “fine and rare” collection includes about 24 antique and aged items. Watch prices range from $11,000 for the Electro Mechanical Elegante in 40 millimeters for ladies or men to 711,000 Swiss francs. Prices are offered in Swiss francs “because the price in USD is given at the time of purchase to accurately reflect the conversion,” according to a company spokesperson. One watch, the Tourbillon on a baguette set platinum case and bracelet, sells for $939,900.
Sample prices for liquor, spirits and wine include $8 for a beer, $55 for a 2 ounce serving of 1942 Don Julio Añejo on the rocks and $385 for a bottle of Cabernet Sauvignon. The caviar is from different farms around the world and prices range from $98 to $990. The shop sells three types of caviar, Royal Shassetra, Alberta President and Ossetra President, at 30 grams or 125 grams accompanied by yuca chips. There is also a suggested pairings for each caviar and a tasting menu priced at $485.
Posted by Elena del Valle on January 2, 2019
Best wishes for a healthy, happy and prosperous new year.
Posted by Elena del Valle on July 12, 2018
Monica Escaleras, Ph.D., director, FAU BEPI
Photo: College of Business at Florida Atlantic University
Researchers at Florida Atlantic University (FAU) believe Hispanic consumer confidence stalled in the second quarter of 2018 compared to the first quarter of the year. They drew their conclusions from a new national consumer sentiment index conducted by the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in FAU’s College of Business. The conclusions were derived from a recorded survey online and by landline of 850 Hispanics 18 years or older.
“Hispanics are less optimistic of their financial situation and the short-term economic outlook of the country,” said Monica Escaleras, Ph.D., director, FAU BEPI. “They’re concerned about what they perceive as a rising cost of living, gas prices and interest rates. All of this leads Hispanics to be less eager to consume more.”
The second quarter Hispanic Consumer Sentiment Index (HCSI) dropped from 98.9 in the first quarter to an 86.4 in the second quarter, according to the 11-page report titled Hispanics Consumer Confidence Stall in Second Quarter of 2018 Cost of Living on the Rise and Less Likelihood to Buy a House or Car. Information provided by the university indicates that the HCSI continues to trail the general population score of 98.2 as published by the University of Michigan in June 2018.
When asked by email how researchers identify respondents Escaleras said, “Respondents self-identify as Hispanics. Specifically, this is the question that we ask: Are you of Hispanic, Latino or Spanish origin? If the answer is yes, then they take the survey. If the answer is no, then the survey ends.”
The poll, available to respondents in English and Spanish, was funded by the Dean’s Office in College of Business at Florida Atlantic University, according Escaleras, who declined to disclose the budget for the project.
“We use two modes of data collection: online and landlines,” she said. “The online sample is supplied by Survey Sampling International. For the landlines, the Hispanic phone lists are supplied by Aristole, Inc and then the questions are recorded in both languages English and Spanish. Finally, the we use a computer software call Stratics to randomly pick phone numbers and call. The calls are automated and the questions are pre-recorded or what is call robocalling. IVR stands for Interactive Voice Response which is a technology that allows respondents to interact with surveyor (which pre-recorded the questions) via a telephone keypad or by speech recognition.”
Hispanics’ short-run economic outlook for the country dipped, with only 50 percent saying they expect the country as a whole to experience good business conditions in the upcoming year, down 11 points compared to the first quarter. Among survey takers 52 percent said they think it is good time to buy big-ticket items, compared to 69 percent in the first quarter.
Four out of five poll takers said the cost of living has gone up, a 21 percent rise since the first quarter. Per the press release, this perception, along with increasing concerns over their level of debt, rising gas prices and interest rate hikes, may explain why only 51 percent said they think it is a good time to buy a house (down from 59 percent in the first quarter), and only 49 percent said it is a good time to buy a car (down from 62 percent).
Sixty-eight percent of respondents said they were born in the United States; 65.5 percent self-identified as Mexican, Mexican-American or Chicano; 50.5 percent were men; 36.5 percent said they were employed full-time; 64 percent said they owned their home; and 42.5 percent were between 18 and 34 years of age.
According to a press release, the Florida Atlantic University Business and Economic Polling Initiative conducts surveys on business, economic, political and social issues with a focus on Hispanic attitudes and opinions at regional, state and national levels via planned monthly national surveys. Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. The same release indicates the University serves more than 30,000 undergraduate and graduate students through 10 colleges at sites throughout its six-county service region in southeast Florida.
Posted by Elena del Valle on January 2, 2018
Wishing you a healthy, joyful and success filled 2018!
Posted by Elena del Valle on November 8, 2017
By Milagros Chirinos
Bilingual media manager-Spanish
Human Rights Campaign
Milagros Chirinos, bilingual media manager-Spanish, Human Rights Campaign
Photo: Jeff Martin
While the equality fight for the LGBTQ community is facing more challenges than ever in recent history, cities and states across the United States continue to embrace LGBTQ-inclusive policies and practices. These initiatives make communities not only stronger, but also more attractive to equality-minded businesses looking to locate in places where their employees are embraced and protected from discrimination. Click to read entire article Cities with Latinx populations among those committing to LGBTQ equality
Posted by Elena del Valle on October 25, 2017
Preventing Ageing Unequally
Photos: Organisation for Economic Co-operation and Development
In the United States, employment among the prime working age population is lower now than it was in 2000, according to the Organisation for Economic Co-operation and Development (OECD). In 2000, 82 percent of 35 to 44 year old men and women worked. By 2016 only 79 percent of them worked. It is one of few countries studied by the organization where that is the case, leading researchers to conclude that is one of the main reasons for the growth of inequality.
In Preventing Ageing Unequally, a 256-page report the OECD released recently, representatives from the Paris based organization suggest that ensuring more people work for more years may result in higher retirement incomes in the future. Data in the report, which is available for online purchase as a PDF file for $42, indicate that more than four-fifths of the highly educated working age population have a job, but only about half of those with low education levels are employed.
According to the report summary, income disparities among today’s young and prime age adults are significantly higher than they were among the Baby Boomers when they were the same age. The income of the richest 20 percent of those of working age is eight times higher than that of the poorest 20 percent today.
Since incomes in retirement depend on the earnings of workers throughout their lives OECD analysts expect inequality in the working age population to lead to higher inequality among future retirees. This is particularly alarming in the United States as old age inequality among current retirees is already higher than in all other OECD countries, except Chile and Mexico. See OECD Income Inequality in Old Age chart below for details.
The report predicts that younger generations will face greater risks of inequality in old age than current retirees, and that the experience for generations born since the 1960s may change dramatically. Also since family sizes are dropping, there is higher inequality over working lives, and reforms have cut pension incomes some groups will face a high risk of poverty, the new report suggests.
Across its member countries Preventing Ageing Unequally found that in 1980, there were only 20 people aged 65 and over for every 100 of working age; by 2015 there were 28 and by 2050 the analysts projected it will almost double to reach 53. Many OECD and emerging economies are aging much faster. In the United States, the country summary indicates, there are only 25 people over the age of 65 per 100 people of working age at the moment, but this is expected to rise to 41 by 2050.
The report also anticipates that future elderly will be in more diverse situations, where people may live longer but more will have been unemployed at some point in their working lives and earned low wages, while others will have enjoyed higher, stable earning paths.
Chart: OECD Income Inequality in Old Age
Click to enlarge
Inequality begins at an early age, according to the findings. For example, a 25-year old university educated man may live almost eight years longer than his less educated peer, on average across countries; for women the difference is almost half (4.6 years). Health impacts the ability to work and earn, the report summary indicates; and over a career, poor health reduces lifetime earnings of low educated men by 33 percent and 17 percent for highly educated men.
In the United States, health problems also contribute to increasing inequality, according to the country report summary. It indicates that Americans are far more unhealthy than their peers in other countries; that people from low socioeconomic backgrounds are affected by bad health more than those from high socioeconomic ones; and that this is demonstrated by the large life expectancy gaps between high and low educated groups.
Disabilities, depression and obesity are widespread, according to the report. More than one third of American adults are obese, more than in any other OECD country. The report proposes that the authorities institute policies to target vulnerable groups as early in life as possible to prevent health, labor market and other socioeconomic disadvantages.
Preventing Ageing Unequally, published October 18, 2017, examines the development and interaction of two global mega trends of population, aging and rising inequalities, within and across generations. According to the website description, the report has 13 tables and 120 charts, shows how inequalities in education, health, employment and earnings compound, resulting in large differences in lifetime earnings across different groups; and suggests a policy agenda to prevent, mitigate and cope with inequalities. The OECD, working with over 100 countries, is a global policy forum with a mission to promote policies to improve the economic and social well being of people around the world.
