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Japan – Unemployment rises to 3.7% while job offer at 22-year high

The jobless rate rose for the first time in almost a year in June, while the ratio of job offers to seekers hit a 22-year high, official data showed Tuesday.  The unemployment rate edged up to 3.7 percent in June from 3.5 percent the month before, the internal affairs ministry said. It was the first … Continue reading

Canada – The Job Market is worse than it appears

Employment Rate for 25-54 Year Olds To control for demographic effects, we take out groups that are often still in school (24 years and younger) or can potentially enter early retirement (55 and up). There are other endpoints we can use, but limiting the discussion to 25-54 year olds is the most common approach. Under … Continue reading

India – Proposition of a textile policy to create 35 million more jobs

An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments. The blueprint termed as the draft ‘Vision, Strategy and Action Plan’ to revitalize the textiles and apparel industry … Continue reading

The 40-Hour Work Week – 88% work above and beyond finds PGi

A staggering 88% of respondents from our June online survey said they work above and beyond the traditional 40-hour work week. Seventy-one percent responded that they take work home with them at least one day per week. Chosen excerpts by Job Market Monitor. Read the whole story at  R.I.P. 40-Hour Work Week. Related posts Ending the 9 … Continue reading

UK – The recovery is over as the comes economy back at pre-crisis level

Key points (ONS) Change in gross domestic product (GDP) is the main indicator of economic growth. GDP increased by 0.8% in Q2 2014, the second consecutive quarter on quarter increase of 0.8%. Output increased in two of the four main industrial groupings within the economy in Q2 2014 compared with Q1 2014. In order of … Continue reading

Spain – First time unemployment is below 25% in two years

The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy. An extra 402,000 people started work in the second quarter of the year, boosted by the seasonal upturn in tourism. That helped to push the official jobless rate down … Continue reading

Jobless Claims in US – 284,000, the lowest in more than eight years

In the week ending July 19, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 19,000 from the previous week’s revised level. This is the lowest level for initial claims since February 18, 2006 when they were 283,000. The previous week’s level was revised up by 1,000 from 302,000 to 303,000. … Continue reading

College Grads in US – Wages are terrible

More young people are grabbing debt to go to college, but they can’t punch the ticket to full-fledged adulthood, because college-grad wages are growing at historically pitiful levels. In fact, the incomes of recent college grads are growing so glacially that they make the rest of the country look like we’re discovering $100 bills in … Continue reading

Tipping in US – The injustice

The Fair Labor Standards Act — the act that determines the minimum wage, along with a whole host of other regulations regarding labor practices — isn’t even as old as American tipping customs; its original iteration dates to 1938. It’s been amended numerous times since then, most frequently to raise the minimum wage, and for … Continue reading

US – Wage growth has been stuck at about 2 per cent a year

Wage growth in the US has been stuck at about 2 per cent a year, just about keeping up with inflation but well below the levels of up to 3.5 per cent that productivity would suggest. The quarterly Employment Cost index, another widely used measure of wages, has also seen consistently sluggish readings over the … Continue reading

Canada  – The number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3% in May 

In May, the number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3%, after a year of little change. The total number of beneficiaries for the month was 504,100. The majority of provinces saw declines in the number of beneficiaries, most notably Nova Scotia, Ontario, Prince Edward Island and Quebec. The change in the number … Continue reading

Bombardier – 1,800 jobs to be cut

Bombardier Aerospace president and CEO Guy Hachey is retiring after six years in the post amid a restructuring of its operations that will result in the layoff of 1,800 employees. The Montreal-based company (TSX:BBD.B) says its aerospace division will operate in three segments — business aircraft, commercial aircraft and aerostructures and engineering services — each … Continue reading

Computers could replace about 47 percent of jobs research finds

Originally posted on Job Market Monitor:
“…Over the past decades, computers have substituted for a number of jobs, including the functions of bookkeepers, cashiers and telephone operators” write Carl Benedikt Frey and Michael A. Osborne in The future of employment: how susceptible are jobs to computerisation? (quotes to follow) More recently, the poor performance of labour markets…

Ethiopia – Cheap labor and electricity attract investment

A combination of cheap labor and electricity and a government striving to attract foreign investmentmakes Ethiopia more attractive than many other African nations, said Deborah Brautigam, author of “The Dragon’s Gift: The Real Story of China in Africa” and a professor of international development and comparative politics at Johns Hopkins University’s School of Advanced International … Continue reading

US – Hiring discrimination for smokers and obese does get very much support

Fewer than one in eight Americans, 12%, say companies should be allowed to refuse to hire people because they are significantly overweight. Similarly, 14% of Americans say companies should be allowed to refuse to hire smokers. Chosen excerpts by Job Market Monitor. Read the whole story at  Hiring Discrimination for Smokers, Obese Rejected in U.S..

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