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Unemployment Rate | Where is it going ?

Unemployment rate: How low can it go? The unemployment rate has fallen dramatically over the last six months, but just how low can it go? The answer is being debated among two camps of prominent economic thinkers. One school of thought says that unemployment will return to around 5% as the economy eventually recovers. But … Continue reading

U.S. | Men Taking 88% of Recovery Jobs

Men, who lost more than twice as many jobs as women during the worst economic slump since the Great Depression, have landed 88 percent of the non-farm jobs created since the recession ended in June 2009. The share of men saying the economy was improving jumped to 41 percent in March, compared with 26 percent … Continue reading

Starbucks’ job creation fund finds first partners – Reuters

Google Offers and Banana Republic are the first businesses to join Starbucks Corp in raising money for a U.S. job creation fund started by the world’s biggest coffee chain late last year. Starbucks and the Opportunity Finance Network, a group of private financial institutions that make affordable loans to individuals and communities, introduced the “Create … Continue reading

Low Wages and Labor Shortages

Economy Watch – Lots of restaurant jobs; not lots of pay For all you foodies hoping to land a gig in the glamorous restaurant industry in the months and years ahead, there will be plenty of jobs to be had. The problem is, many of the jobs don’t come with a glamorous paycheck. Spring and summer hiring … Continue reading

UK | Capita to cut up to 400 jobs

Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading

Australia | Metcash cuts 478 jobs

METCASH, the grocery wholesaler that owns the IGA and Franklins chains, will restructure its business, cut 478 jobs and incur one-off charges to position the company for ongoing difficult trading conditions… Source: Read more @ Metcash cuts 478 jobs in sweeping restructure | The Australian.

Immigrant Workers in the U.S. Labor Force in Charts

Debates about illegal immigration, border security, skill levels of workers, unemployment, job growth and competition, and entrepreneurship all rely, to some extent, on perceptions of immigrants’ role in the U.S. labor market. These views are often shaped as much by politics and emotion as by facts. To better frame these debates, this short analysis provides … Continue reading

Why immigrant professionals are under-employed

The federal government’s new plan to hire a private firm to assess the educational credentials of potential immigrants is wise. The significance of degrees and professional certificates varies widely and wildly from place to place (country to country and sometimes even city to city) across the world and across disciplines and specialties. The federal bureaucrats … Continue reading

3,200 jobs saved for Britain’s GAME

A deal was struck on Sunday to save British video games retailer GAME, which was taken into administration Monday, and preserve nearly 3,200 jobs. OpCapita, which specialises in turning around ailing High Street stores, has bought 333 shops for an undisclosed fee, administrators PricewaterhouseCoopers (PwC) said. It is believed the turn-around investment firm paid a … Continue reading

Tunisia | Poll Shows Impatience with Employment Policy

Public discontent over the issue of unemployment appears to be growing despite the efforts of the interim government to address the deteriorating job situation in Tunisia. According to a poll released by SIGMA Conseil, 61.5 % of Tunisians are dissatisfied with the employment policy of the government and 56% of Tunisians are dissatisfied with the policy … Continue reading

Georgia and Florida cut the duration of unemployment benefits

Georgia is vying with Florida for the title of stingiest state, when it comes to jobless residents. The Republican-controlled State Legislature passed a bill last week to cut the duration of unemployment benefits from a current maximum of 26 weeks to a range from 14 weeks to 20 weeks, depending on the state unemployment rate. … Continue reading

Strategies to Attract, Engage and Retain Older Workers

The Sloan Center on Aging & Work conducts research on innovative practices that address the needs of older workers and business. In 2011, the Centre launched a project titled “Flex Strategies to Attract, Engage & Retain Older Workers”. Report main findings. Continue reading

‘Fix Young America’ aims to recruit Stephen Colbert

Fix Young America, a digitally crowd-funded movement which promotes youth entrepreneurship, is going after satirical talk-show host Stephen Colbert to act as its spokesperson, the Daily Beast reported. 28-year-old Scott Gerber, whose Young Entrepreneur Council and Gen Y Capital Partners non-profit groups aim to put an end to unemployment among young Americans, is the mastermind … Continue reading

How Unemployment Leave Europe’s Young ?

Larry Hatheway, Managing Director and Head of Global Asset Allocation, UBS Investment Bank, noted earlier this month that high levels of youth unemployment were “clearly undesirable” and policy priorities in the euro zone should shift the focus from managing the debt crisis to address joblessness. “Youth unemployment rates probably understate the true level of joblessness … Continue reading

More Than Half Youth are unemploymed in Spain and Greece

The unemployment rate among Spain’s under-25s rose to 50.5pc in January, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it … Continue reading

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