US job growth misses expectations in January, but unemployment rate hits 4.0%
US Labor Department data shows 143,000 jobs were added in January 2024, with unemployment rate steady at relatively low 4.0% - lowest level since May, 2024.
Trump’s nominee for secretary of state supports lifting the Jackson-Vanik amendment for Central Asia, a move that could reshape U.S. trade and diplomatic relations in the region. The policy shift signals a potential change in Washington’s approach to post-Soviet economies.
U.S. President-elect Donald Trump’s nominee for secretary of state says the Jackson-Vanik amendment, a 50-year-old law imposing some restrictions on trade with several countries in Central Asia, is “a relic of an era that’s past” and needs to be lifted.
U.S. Senator Marco Rubio, a Florida Republican who spoke during a confirmation hearing in the Senate Foreign Relations Committee on Wednesday said that the permanent removal will require legislative action.
“There are some that argue that we should use that as leverage for human rights concessions or leverage to get them to go stronger in our way as opposed to Russia and the like. But I think in some cases it’s an absurd relic of the past…. So, we will work on this cause I think it’s important,” - he said answering to Senator Steve Daines, a Montana Republican, highlighting Central Asia region as “a part of the world that is often neglected, but has such strategic importance.” Rubio added that Department of Commerce recognized Kazakhstan “a market economy”, and the country had already met the conditions.
Senator Chris Murphy stressed the strategic importance of Central Asia in U.S. foreign policy. He argued that repealing the amendment would signal Washington’s serious commitment to the region. While the amendment’s sanctions were effective in the past, Murphy noted they are now irrelevant to Kazakhstan, which fully complies with international norms.
Background
The Jackson-Vanik Amendment, originally designed to withhold permanent normal trade relations (PNTR) with non-market economies (NME) – primarily former republics of the Soviet Union - for its refusal to allow Jewish emigration, still applies to several US strategic partners in Central Asia, including Kazakhstan and Uzbekistan, despite its irrelevance.
In passing the measure in 1974, congress gave the president the authority to waive Jackson-Vanik restrictions for any given country on a yearly basis. Removing a country permanently from the Jackson-Vanik list requires an act of Congress.
Since 1991, Congress has passed legislation authorizing the President to determine that Jackson-Vanik should no longer apply to Albania, Armenia, Bulgaria, China, Czechoslovakia, Georgia, Hungary, the Kyrgyz Republic, Moldova, Mongolia, Romania, Russia, Ukraine, and Vietnam. Russia’s PNTR status was suspended in response to its 2022 invasion of Ukraine. Azerbaijan, Kazakhstan, Tajikistan, and Uzbekistan are certified as compliant and receive conditional NTR status, subject to annual review.
Turkmenistan receives temporary NTR status via a presidential waiver. Belarus previously received temporary NTR status under the waiver provision, but it was suspended in response to Belarus’s involvement in Russia’s 2022 invasion of Ukraine. Cuba and North Korea currently do not receive NTR status.
A tragic crowd crush at New Delhi Railway Station on Saturday night left 18 dead and 10 injured as thousands of people, many heading to the Kumbh Mela festival, attempted to board delayed trains. The incident highlights the ongoing risks of overcrowding at public transportation hubs in India.
A Delta Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday, injuring 18 people. Officials are investigating whether strong winds and snow played a role in the incident.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
Israel has delayed the release of hundreds of Palestinian prisoners until Hamas meets its conditions, highlighting tensions over the fragile Gaza ceasefire.
‘We are already negotiating to work together in space, we can collaborate in this sphere also," Russian leader says
Hamas has handed over the bodies of Israeli hostage Shiri Bibas and her two young children, Ariel and Kfir, deepening national mourning in Israel. Their fate had remained uncertain for months after their abduction during the October 7, 2023 attack.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment