Job Market Monitor
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Dairy Crest | 500 jobs at risk
Dairy Crest announced plans to shut a glass bottling dairy at Aintree, where 220 people work, and a site at Fenstanton in Cambridgeshire employing 250 people. The company also said its contract to supply milk to Tesco would not be renewed when it comes to an end in July. Dairy Crest sells around 3% of … Continue reading
Gender and the Recession in UK | Better outcome for women is the result of a rise of 172,000 in self-employment
Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading
South Africa | For vocational training affordable, good quality vocational training
Last month, a stampede at the University of Johannesburg killed the mother of a potential student, and injured several other people writes Sarah Emily Duff, an NRF postdoctoral research fellow at Stellenbosch University, South Africa. Thousands of parents and prospective students had turned up to register – in all, around 85,000 students applied for only 11,000 places. … Continue reading
India | Reverse Brain Drain | Who’s Coming Back and Why?
India’s faltering growth may be disappointing, but it’s still much more rapid than the continued stagnation of the U.S. economy. In certain fields, at least there are still opportunities to be seized in India by those with a taste for adventure. Labor economists call this kind of migration the “reverse brain drain.” Ironically, the migrants … Continue reading
LA | 350 workers face layoffs after 56 courtrooms closure
A state-ordered cut of $30 million to the Los Angeles Superior Courts budget will prompt the closure of 56 courtrooms countywide, layoffs of 350 workers and the “erosion of access to justice,” an official said Tuesday. The cuts will shutter 24 civil, 24 criminal, three family law, one probate and four juvenile delinquency courtrooms, according … Continue reading
Employers and Young Talents | Do not rely on the market for talent writes ManpowerGroup
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading
1,000 jobs for Irish in Middle East, says an international consultancy
A MAJOR international consultancy has up to 1,000 jobs available for highly qualified Irish construction staff as it ramps up its operations in the Middle East, which is enjoying a boom in infrastructure spending. Hyder Consulting, which already employs nearly 4,000 people in the UK, Germany, the Middle East and Asia, is attempting to hire … Continue reading
Sony | Could Layoff 60 percent of EMI’s publishing staff
The European Commission is expected to issue a ruling on Thursday in one of the music industry’s biggest deals in the past decade: Sony’s proposed $2.2 billion takeover of EMI Music Publishing. In public, Sony has said little about the deal, except to soothe fears that the combined company might dominate the lucrative publishing industry. … Continue reading
UK | Almost 1 M persons out of work for more than a year by end of 2012 says IPPR
IPPR urges ‘job guarantee’ to tackle ‘hidden crisis’ of long-term unemployment Almost a million people will have been out of work for more than a year by the end of 2012, according to new analysis by the think tank IPPR. The think tank is today raising the alarm over the growing number of people who have … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
UK | Youth main job sectors have shed nearly a million jobs since 2007
The manufacturing and construction sectors have suffered the biggest loss of jobs since the eve of the recession, while finance and business services is the only sector with a bigger workforce today, according to a TUC analysis published today (Tuesday) ahead of a busy week of economic indicators. The TUC analysis looks at industries including … Continue reading
U.S. | Due for a raise in the Minimum Wage
Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the … Continue reading
U.S. Unemployment | Gallup Provides A Mixed Picture
U.S. unemployment, as measured by Gallup on a preliminary basis without seasonal adjustment, declined to 8.2% in mid-April from 8.4% in March. However, the government’s likely seasonal adjustment of 0.3 percentage points leads to a Gallup seasonally adjusted U.S. unemployment rate of 8.5% in mid-April, up from 8.1% last month. Working Part Time but Wanting … Continue reading
Aquascutum | 250 jobs at risk
Administrators FRP Advisory have been called in to try and find a buyer for the brand and some or all of its assets. The decision to place the company in administration will be a major blow to Mr Tillman who only yesterday sold the majority stake in one of his other major retail assets, Jaeger, … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
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