Some think that growth in Japan may be almost non-existent, especially with its failure to meet its inflation target in the recent past. But things have changed now as the labor market in Japan is simply sizzling with the employers struggling to cope up with a severe labor shortage that has been seen in last twenty five years.

Speculations have been high regarding the time of the Federal Reserve increasing the key interest rates after almost a decade and the time has arrived when the guess work will be soon over. The Federal Reserve policymakers are likely to announce a decision on Wednesday raising the interest rates.

On Wednesday, the U. S. dollar suffered broad losses vs. a basket of currencies. The U. S manufacturing activity declined in November to its lowest in three years pulling the green back from its several months highs.

In November, the consumer confidence dropped suddenly touching its lowest level in one year as Americans were less enthusiastic about the outlook of the labor-market.

Work quit is not an in thing with the Americans these days and that’s worrying some of the economists. They feel when people quit one job and switch to another it reflects a dynamic economy where workers feel confident.

The figures showing number of workers changing their jobs have almost remained flat in the year after it steadily increased after the labor market bottomed out in 2010 January.

In the past week Marriott International announced that it will buy Starwood Hotels & Resorts Worldwide in a $12.2 billion stock and cash deal. The deal will create the world's largest hotel business with the joint companies operating or franchise 5,500 hotels. That in terms of rooms will number to almost 1.1 million with the company spanning over hundred countries. Starwood, has eleven hotels in Britain.