Can the West’s perplexing employment miracle continue?
There is little sign of more job losses, which may be bad news for economic vitality
To see what a world swimming in jobs looks like, visit Japan. At airports staff straighten suitcases after they tumble onto the carousel. Men with fluorescent batons stand near construction sites, reminding you not to walk onto the site. In department stores smartly dressed women help you use the lifts. And in one of Tokyo’s best bars, a team of four prepared your correspondent’s gin martini (from the freezer, of course, free-poured, and very dry).
This article appeared in the Finance & economics section of the print edition under the headline “Jobs for all”
Finance & economics
March 11th 2023- Can the West’s perplexing employment miracle continue?
- How to measure China’s true economic growth
- China’s Communist Party takes aim at hedonistic bankers
- New York’s stockmarkets are thrashing Hong Kong and London
- Lessons from finance’s experience with artificial intelligence
- Why commodities shine in a time of stagflation
- Emerging-market central-bank experiments risk reigniting inflation

From the March 11th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionTrump’s tariff turbulence is worse than anyone imagined
Even his concessions are less generous than expected
Why silver is the new gold
Safe-haven demand and solar panels have sent its price soaring
Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
El Salvador’s wild crypto experiment ends in failure
Its curtailment is the price of an IMF bail-out. And one worth paying
America is at risk of a Trumpian economic slowdown
Protectionist threats and erratic policies are combining to hurt growth
India has undermined a popular myth about development
Extreme poverty in the country has dropped to negligible levels