Job Market Monitor
Michel Cournoyer
France – Discrimination is keeping the children of immigrants at the bottom report finds
Discrimination is keeping the children of immigrants at the bottom of France’s economic pile, a report advised Prime Minister Manuel Valls this weekend. Young men of sub-Saharan African origin face the biggest obstacles in finding jobs, ahead of a ministers’ meeting on tackling inequality. The report does not blame discrimination exclusively, pointing to training, family … Continue reading
France – To cut 22,000 hospital jobs
The French government’s bid to cut €3 billion off its bill for hospital spending will see up to 22,000 posts deleted over the next two years. France’s plan to save billions on health spending has become a little clearer. Health minister Marisol Touraine says over the next two years 22,000 jobs will not be filled … Continue reading
Japan – Three measures of slack in labor markets
How likely are Japan’s workers to see a bumper salary increase? The latest labor market data — showing a 1.3 percent annual increase in wages in January — is a hopeful sign. A more detailed answer comes from examining alternative measures of slack in the labor market. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
US – Most (60%) see only a partial recovery in jobs Pew finds
The public makes sharp distinctions about which groups have benefited – and which have not – from the economic policies the government has put in place since the start of the recession. Majorities say that large banks, large corporations and the wealthy have been helped a great deal or a fair amount by government policies. … Continue reading
Unemployment Rate in France – The highest in at least 16 years
French unemployment hit an eye-watering 10.4% in the final three months of 2014, according to statistics just released. That’s the highest in at least 16 years for France — comparable records go back to 1998. Chosen excerpts by Job Market Monitor. Read the whole story at France unemployment record high Q4 2014 – Business Insider. Source: The unemployment … Continue reading
Canada – Job quality is now at a record low CIBC finds
Job quality in Canada is now at a record low and showing little sign it will turn around in the near future, finds CIBC’s latest Canadian Employment Quality Index. The index, which measures the quality of employment from a compensation perspective, shows declines in all measures and indicates the drop in Canadian job quality is … Continue reading
Job Search – If you want your cover letter to be read
In my opinion, if you want your cover letter to be read, do these things:Don’t apply online, but email your résumé to a recruiter or hiring manager instead. Don’t make it an actual “letter.” Instead, make it the body of the email with your resume attached. When people attach a letter and a résumé to … Continue reading
Immigration in UK – It added 2.4 million individuals with low numeracy skills research finds
Each year more than 300,000 people leave the UK to begin a new life overseas. In their place around 450,000 immigrants travel across our borders to seek new opportunities. But do immigrants adequately fill the jobs, and skills gaps, left behind by those who leave the UK? And do emigrants from this country enjoy a … Continue reading
Digital Skills in UK – Failing to address its digital skills shortage
A report from the Digital Skills Committee, released this month, has explored how the UK is currently failing to address its digital skills shortage. Given that digital is undeniably the future, this is an important issue. Digital skills are shaping the future of the UK, as they have a direct impact on people’s productivity. Studies … Continue reading
The Graduates Digital Skills Gap
According to a recent article in the Harvard Business Review, 96% of university chief academic officers believe their graduates have the requisite skills to enter the workforce. However, only 11% of business leaders agree. Moreover, a report from Bentley University found that 61% of business industry decision-makers give colleges a C grade or lower on … Continue reading
India – Only 27% candidates enrolled in skill dev programmes got jobs
Only 27 per cent of the candidates enrolled in five national skill development programmes managed to secure jobs, says a World Bank study. “As per interim findings of the report, 27 per cent of candidates enrolled in the above skill development programmes found employment. “Some of the reasons for non-employment include resistance to migration, pursuit … Continue reading
Mid-Market Enterprises (MMEs) – Directly employ 169 million people across 15 countries and territories spanning Asia, Europe, the Middle East and the Americas
HSBC today released a global report highlighting the unsung role that mid-market enterprises (MMEs) play in the life of nations. The report, titled Hidden Impact: The vital role of mid-market enterprises and commissioned by HSBC from Oxford Economics, showcases the enormous contribution to Gross Domestic Product (GDP), employment, and the supply chain that MMEs contribute … Continue reading
Royal Bank of Scotland (RBS) – To cut 14,000 jobs by 2019
The UK’s state-rescued Royal Bank of Scotland (RBS) is set to cut up to 14,000 jobs in its investment banking units across the United States and Asia by 2019, the Financial Times reported on Wednesday. The number amounts to 80 percent of the jobs in the RBS’s investment banking sector, which is scheduled to experience … Continue reading
UK – More than 8.6 million people are now living in London, a record high
The Mayor of London has confirmed that the capital is now home to more people than at any time in its history. More than 8.6 million people are now living in London with the latest projections estimating that the city will be home to 11million people by 2050. Today’s announcement confirms the capital’s status as … Continue reading
Earnings Gap in US – Difference between workers who are just starting out in employment (under age 25) and workers who are 55 to 64 years of age is much smaller for women than men
Both women and men tend to acquire higher earnings as they get older. Once reaching age 65, however, their earnings tend to fall. Yet the earnings difference between workers who are just starting out in employment (under age 25) and workers who are 55 to 64 years of age is much smaller for women than men; … Continue reading
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