UPDATE 1-Dutch government boosts spending to support jobs during pandemic

(Adds updated economic projections)

AMSTERDAM, Sept 15 (Reuters) – The Dutch government will maintain heavy spending in an effort to counter the effects of the coronavirus pandemic despite a rapid deterioration of the state finances, its draft budget for 2021 showed on Tuesday.

The budget deficit is set to balloon to 7% of gross domestic product this year and 5.5% in 2021, while national debt is expected to hit 62% of GDP next year, as support for workers and companies struck by the pandemic is extended well into 2021.

“In these insecure times, the government chooses not to cut spending but to invest in job security, social safety nets and a stronger economy,” King Willem-Alexander said in his annual speech presenting the government’s new budget.

The Dutch economy is expected to shrink by an unprecedented 5% this year before rebounding by 3.5% in 2021, said the government’s main economic policy

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Career Boot Camp Boosts Job Prospects

Nebraska’s Urban League is running a virtual Career Boot Camp, starting Monday, August 31. The two week program teaches job readiness skills, resume building and interviewing techniques. Participants receive a stipend to complete the program and they’re offered assistance in making connections and applying for jobs. Rozlynn Bredow, with the Urban League, said the pandemic has wiped out some jobs and workers need to be prepared to shift gears. She said there are hundreds of jobs available. “Everybody needs something to hope for,” she said. Makayla Townsell took part in a camp about 8 years ago, when she had a gap in her employment record. The program put her back in the workplace and now she’s the main instructor at the Urban League’s Career Boot Camp.”I love working in the community I come from. I love to inspire others and I was once in those seats they’ll be in,” said … Read More

Gold is flat as positive U.S. jobs data boosts dollar

An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand.

Dario Pignatelli | Bloomberg | Getty Images

Gold was flat on Friday, reversing course as better-than-expected U.S. employment data bolstered the dollar, putting bullion on course for a weekly decline of more than 2%.

Spot gold erased early and traded flat at $1,930.11 per ounce. U.S. gold futures settled $3.50 lower at $1,934.30.

“Gold’s correlation with the dollar has been elevated, especially over the past couple of weeks and bullion is being weighed down by the bounce in the greenback following the solid report, especially the unemployment rate,” said Tai Wong, head of base and precious metals derivatives trading at BMO.

The dollar index was up 0.5%, putting it on track for its best week since early April and making the metal expensive for holders of other currencies. Data showed nonfarm payrolls increased

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