In the News

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What About Low Fertility in US ? Six Fertility Lessons

First, a fertility rate of 1.9 is nothing to worry about. It is still high by international standards and likely to tick back up as the economy recovers. Second, young people cannot be “bribed” into having children through lower taxes or large baby bonuses. (Organizing work and school schedules to suit modern family life is … Continue reading

Job Vacancies in Canada – Private sector vacancy rate is beginning to creep upward CFIB finds

After basically holding steady for the past two years, Canada’s private sector vacancy rate is beginning to creep upward. On a seasonally adjusted basis, 2.7 per cent of jobs lay vacant in these businesses—a tenth of a point higher than in the second quarter. Modest increases were seen in most business size categories. In total, … Continue reading

UK – Employment rates much higher with at least one qualification compared with no qualifications

Fewer than half (48.5%) of those with no qualifications were in employment compared with around 8 in 10 (80.7%) of those with at least one qualification. Those with no qualifications were most likely to work in ‘elementary’ (28.0%) and ‘machine operatives’ (18.1%) occupations. In general, as the level of qualification increased, so did the employment … Continue reading

The Skills Gap in Maine – A disconnect between educators and business people

A new report out today aims to deal with the so-called “skills gap” in Maine’s workforce. The report is part of a series called “Making Maine Work.” This one, according to Christopher Quinn, president of Kaplan University in Maine, uncovered a disconnect between educators and business people. Quinn told reporters that 72 percent of higher … Continue reading

NYT cutting more than 100 newsroom jobs

With the holidays around the corner, New York Times publisher Arthur Sulzberger Jr. will start handing out pink slips to 21 Newspaper Guild members on Tuesday. The cuts come after the company fell short of its goal of cutting 100 newsroom jobs through from a combination of voluntary buyouts. With the just announced layoffs, the … Continue reading

Greece – Unemployment falls to 25.7 pct in September

Greece’s jobless rate fell to 25.7 percent in September from a upwardly revised 26 percent rate in August as the country’s six-year recession eases, Greek statistics agency ELSTAT said on Thursday. September’s reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment … Continue reading

Australia – Unemployment rate in November at 12-year high

The unemployment rate has hit a 12-year high of 6.3%, fuelling talk of interest rate cuts in 2015. November’s figure is up from 6.2% the previous month despite the creation of 42,700 jobs, a figure nearly three times larger than economists were expecting. However, only 1,800 positions were full-time. The number of people looking for … Continue reading

US – Who are the jobless

Averages don’t tell us anything about how employment opportunities are distributed. We tend to talk about the unemployment rate as if it was a shared reflection on all of us. But that’s a bit silly. After all, no one is 5.8 percent unemployed and 94.2 percent employed. For real people, having a job is an … Continue reading

Not Working in US – From the highest employment rates among developed nations to the bottom of the list

Working, in America, is in decline. The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent. More recently, since the turn of the century, the share of women without paying jobs has been rising, too. The United … Continue reading

Job vacancies in Canada – 5.6 unemployed people

Canadian businesses reported 243,000 job vacancies in September, little changed compared with 12 months earlier. For every job vacancy, there were 5.6 unemployed people, down from 6.0 in September 2013. Unemployment-to-job vacancies ratio declines in New Brunswick and Prince Edward Island The ratio in New Brunswick declined from 11.7 to 8.8 in the 12 months to September, as there were fewer unemployed people in the province. Chart 1 Unemployment-to-job vacancies ratio, … Continue reading

India – TCS to hire 55,000

IT giant TCS is believed to be undertaking a significant performance-related restructuring of its workforce, which may also lead to some employees being asked to leave the company. Sources said that the restructuring exercise could affect both onsite and offsite positions across various verticals, even as the company said it is on track to meet … Continue reading

US – Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers

Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers – thoseunder age 35. While millennials offer technological and creative advantages, they tend to be less loyal to the company and require more management oversight, some CFOs say. CFOs in the U.S. also expect employment to increase … Continue reading

Mining – Anglo American to cut about 60,000 jobs by 2017

Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.The company said by 2017 a programme of divestments and productivity improvements would leave it with around … Continue reading

BP – Thousands of job cuts to come

BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction … Continue reading

Skills Gap in UK – Foreign bricklayers on £1,000-a-week

Building companies in London have hired Portuguese bricklayers on £1,000-a-week wages because of a shortage of skilled Britons, a recruitment firm has said. The finding was revealed by Manpower, whose research is said to have confirmed industry fears of a lack of suitably-trained workers. Manpower managing director Mark Cahill said he was told the normal … Continue reading

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