The demand for labor of various professions and qualifications is growing in Kyiv. At the beginning of May, the database of the capital’s employment service contained about 3,000 current vacancies. However, many businesses are experiencing a shortage of skilled workers.
Every fifth vacancy is for professionals: engineers, teachers, analysts and economists. Due to the martial law, there is an increased demand for representatives of blue-collar professions that were previously considered predominantly male: installers, electricians, mechanics, electric and gas welders, seamstresses, building maintenance workers, and painters.
Employers are looking for specialists in various fields: accountants, nurses, educators, electricians, personnel inspectors, and paramedics. Trade and service workers are in demand, including cooks, salespeople, educators’ assistants, and social workers. At the same time, there is a growing demand for unskilled labor, such as cleaners, unskilled laborers, loaders, and kitchen workers.
TOP vacancies with the highest salaries:
– Defense forces: inspectors and police officers of the special police – UAH 126 thousand;
– IT industry: software engineers, software development and testing specialists, software engineers – UAH 110 thousand;
– enterprises with foreign investments: professionals in the organization of protection of information with limited access – 69 thousand UAH, sales managers – 67 thousand UAH, journalists – 54 thousand UAH, editors – 51 thousand UAH, analysts – 50 thousand UAH, psychologists – 47 thousand UAH;
– skilled professionals: public procurement specialists – UAH 45 thousand, chief accountants – UAH 43 thousand, plastic surgeons, carpenters and vehicle drivers – UAH 40 thousand each.
While offering modern competitive salaries, employers also place high demands on the qualifications of candidates. The Kyiv City Employment Service, through employment promotion programs, vocational training and an individual approach, will provide jobs for all job seekers and, if necessary, help them increase their competitiveness in the labor market.
The US economy will enter a recession next year amid higher Federal Reserve (Fed) rates, Deutsche Bank economists David Folkerts-Landau and Peter Hooper believe.
“The US economy will take a big hit from additional Fed tightening in late 2023 and early 2024,” analysts said in a report titled Over the Brink.
In their opinion, the Fed will raise the key rate by 0.5 percentage points at the next three meetings, and by mid-2023 the rate will exceed 3.5%. The current target range for the federal funds rate is 0.25-0.5%.
In addition, by the end of next year, the Fed will reduce the amount of assets on its balance sheet by almost $2 trillion from the current $8.9 trillion, Deutsche Bank experts predict. For monetary policy, this is equivalent to another 3-4 rate hikes of 0.25 percentage points, Bloomberg quotes economists.
Deutsche Bank predicts that by the summer of 2023 the US stock market will fall by 20%, and the yield on 10-year US government bonds will rise to 3.3% at the end of this year. Unemployment in the United States in 2024 will jump to 4.9% from 3.6% in March, economists expect.
“Our forecast for a recession in the US next year so far differs sharply from the consensus,” the authors of the report admit. “But we believe that this will soon change.”
