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tv   Business - News  Deutsche Welle  May 7, 2022 1:15am-1:31am CEST

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finds out why u. s. companies keep hiring despite supply chain problems, record inflation, and war as up after the break and the call for me and the entire team in our newsroom here, i'm rolling. thank you so much for your company. a we're interested in the global economy. our portfolio
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g w business beyond. here's a closer look at the project. our mission to analyze the flight for market dominance. can this did the head with d w business beyond a . u. s. employers keep up the hiring spree. fresh job figures reveal yet another month of gains for wages and payrolls. our wall street correspond it breaks down why this could be bad news for inflation. and with nearly 2 vacant positions for every one unemployed worker in the u. s. it's a job seekers market. employers are contending with a workforce that's wielding it's new, found power and ukrainian refugees set up shop in germany. freelance workers try to
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to business as usual, while war wages on back home. this is d w business. i'm christy 5 new berlin. welcome. the u. s. added 428000 jobs in april, extending a streak of solid hiring that has persisted despite chronic supply shortages record inflation, and the russian war against ukraine. friday's jobs report from the labor department showed that last month hiring kept the unemployment rate at 3.6 percent just above the lowest level. in half a century. employers have added at least 400000 jobs per month for 12 straight months, even as the u. s. economy faces it's worst about inflation in 4 decades. well, for more in depth, let's go to the new york soccer change in our financial correspondent, young cortex. so young, these new figures showed us that wage growth was very strong last month as well, but not as strong as inflation. where does this leave us workers and us consumers? how are they feeling about this?
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now what chrissy and if you can tell there's even some construction here on wall street. so talking about them jobs, but yeah, i mean if you look at the wage growth, as you mentioned, i mean that's the problem right now. yes, the wages are increasing, but the cost of living is increasing even more so. living for a lot of americans at the end of the day, less money. and if you look at the term in the united states, it is not necessarily grade partly because of inflation. we also got some news that actually housing becomes a bigger issue, evictions, for example here in new york. but this is just one of plenty examples are on the rise. so the mood is not great, even if, as you mentioned, wages arriving right, well, i mean, not only are we just rising, also, we have near record low unemployment in april, but we know that this made investors quite jumpy today. tell us why that is the
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do christie? yes. jumpy is definitely the word of the entire week. if you want to put it that way, we saw huge swings. so it was not just because of labor report while we saw those white, wild swings. i mean, at some points in the friday session, good, you were down for more than 500 points and all of a sudden the market traded to the upside. by the end of the day, we lost about 102 points in the del jones sent out to an average debt by the way, for blue chips marks the 6 consecutive week that we see lots of. so inflation is one of the hot topics, but also we got a lot of companies that have issues with their earnings reports under armor, for example, was one of those examples on friday they're having issues with the lock downs in china with high afraid cars. so there's a lot we have to deal with at this point and that way, overall, the market is jumpy and could remain. so that was the end of quarter under
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construction in new york have a great weekend. while the hiring boom in the u. s. is coming off the back of a year in which record numbers of employees quit their jobs. the trend began during the pandemic and has brought about a dramatic shift in the balance of power in the u. s. job market. the den, vic is an entrepreneur. he makes coca dumber japanese style plants potted in, must balls. he quit his job waiting tables in september you're making 3 or $4.00 an hour. your your wage is completely dependent on tips from the people that come in. only a few guests came to his restaurant during the pandemic. stan big says that on some days he received no tips at all. he doesn't regret quitting. now, here in this more money and can make his own schedule. 47000000 workers in the us quit their jobs in 2021 november. so our ford high,
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a 4500000 resignations above all young employees, especially those in precarious working conditions. quit. in many cases, they didn't change labor sector just employer. and that was also the case with aaron fincher. she used to work in marketing in a small town, but her employer didn't off her flexible hours or the chance of working from home. i didn't feel valued as a person and, and i didn't feel like they valued my safety and my family safety. aaron gave birth to her 1st child a year ago, and she wants to spend more time with him. now that she works as a designer for the government, she can work from home, they offer full parental leave, paid parental leave. um, which is awesome if i wanted to have another kid um and they offer a daycare subsidies. aaron struck wiley. iron was hot for the 1st time in a long time. job hunters can afford to be choosy when looking for work, according to experts because of abundant fiscal stimulus. consumers will lots of
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money. a lot of retirements and older workers staying out of the labor market. job opportunities for younger americans are abundant. the pandemic has given many people. one thing time dan vick was able to use his extra time to build up his plant business and learn how to do so on the internet. aaron used her time to discover what was important to her. she says that her job is a means to an end, and family takes priority. i think a lot of people are realizing at this point that it's not the most important thing and you are a person outside of that and you should be a person outside of your employer. your work work isn't everything and shouldn't be everything. many people seem to be coming to this realization right now. perhaps not in spite of but due to the pandemic. thousands of ukrainians are arriving in european countries every day as they flee war in their country. besides
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a place to stay, many of them need jobs. for weeks ago, you will have fled to berlin from her hometown. key of the video editor is living with may sure whose company helps freelancer's navigate german bureaucracy. together. they came up with a project like filming tutorials to help ukrainian refugees find freelance work with the cable connected now. and only is 190000 ukrainians leafs here. so in all of them looking for book the to just organized their 1st information event for ukrainians. hoping to jump into the job market straight away from you. hopefully, maybe for some of you, for lensing and germany it's, it's an optional can help you and your money. many of the almost 4000000 ukrainians
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who fled from the russian invasion to europe are highly skilled. most of them are women and a lot of these people here now they have already their clients. they're just bringing their business with their laptop to germany. back and key if you yeah, i just bought her own home. then the war came to her doorstep. this is my partner in k, if i this is dad to the tower. i to set docked. i was at home when the okay so talk start. i saw it from moving though, so i was very scared. and that day i just decided to move to freelancing as a way for you. yeah. time. stable ground and germany while staying flexible. so that one day she can return to her apartment and key, and immigrants are playing
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a key role in driving innovation in germany. that's the take away from a new report from the if the big melbourne foundation there analysis found that 22 percent of started founders in germany have a migration background. we asked the foundations chairman, why migrant founders typically are more risk takers. more internationally oriented, are more ready to go for an exit strategy in the long run that have a higher share offer. a strong and academic background, especially in a natural sciences and technology and so on. the whole, the structure is confirmed. we do have some more evidence on the obstacles in this new report. and in particular, the migrant found us complain about too much bureaucracy, about
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a lack of venture capital options and to some extent also about racism which they feel in particular in dealing with the drum and bureaucracy and banks now to southern queensland on australia's east coast, their dairy farmers and pineapple growers are teaming up with a local run distillery. they've discovered that a low cost by product of the distillery can increase milk production proving that their no thunderheads thanks to the rich soil and blushed grass. this has been dairy country for more than 100 years, just north of brisbin on australia, east coast. but dairy farmers are always looking for ways to increase milk production. and they've recently discovered that a waste product from a local distillery has magic properties. for every, for a late us that fade a cal, i'll get a later response. it works out,
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take them in grind. it's a cheap ball product and a lot of standard fade towards the dundas, which by the way is non alcoholic comes from a distillery. not far away, which has been experimenting with a new breed of rum, made from sugarcane, which is traditionally used to make ram plus pineapples. an unconventional mix that under is the waste from this process. the pineapples and cain are also source locally from pharma, gordon oaks. his family has been founding here for 84 years. sunshine and sons wants to work with local farmers as much as possible. we've got this incredible sort of qualities loop on the on, on weiss from out the still spirit. and it's a great feeling to know that spring use gun, which makes good sense from both environmental and business perspective. so
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everybody's happy down. the certainly brings a cal time. they came to get home and came to have a fate of it. and indeed, they drink it until the cows come home. but don't call these ladies done to heads. well, that was our show. thank you so much for watching. i'm christy. platinum berlin. have a good day with making the headlights and what's behind them. dw news africa, the show that was the issues shaping the continent. life is slowly getting back to normally on the street to give you enough reports on the inside of our cars. funding was on the ground reporting from across the continent. all the trends doesn't matter to you. next on d, w ah, the plain,
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waters. one of the many success stories from a bastion of biodiversity starts may 20th on dw this as deed of the news, africa coming up on the program. is it a cool, casual, tentative, or just a clever con trick? the central african republic becomes the 1st african country to adopt bitcoin assets, official currency. so who will be the witness? and who will lose us? did we thought when i'm out of dialing and a customer gives me a note? i paid him back with colleen. but look at my phone, but it can't connect to the internet. how could i use crypto card saying you're gonna.