Job Market Monitor
Michel Cournoyer
Jobs for Grads in UK – Nine in ten bosses say they can’t find good enough candidates
To many job-seeking graduates, it seems unbelievable – but a new survey suggests that many employers are struggling to fill their graduate vacancies for this year. With nearly nine in ten graduate employers admitting they have positions that they can’t find suitable candidates for, there could be hundreds of good quality, well-paid graduate roles currently … Continue reading
The Talent War – Workplace flexibility is the key (Infographic)
As if finding great employees wasn’t enough of a problem for small business owners, keeping them poses yet another HR challenge. Plantronics Workplace Flexibility Survey of 270 small business owners conducted last year by the Corporate Executive Board found that 44 percent say that finding and retaining talent is the most difficult aspect of HR/labor … Continue reading
UK – Antidepressant use soared during the recession with 12.5m more pills prescribed in 2012 than in 2007
The use of antidepressants rose significantly in England during the financial crisis and subsequent recession, with 12.5m more pills prescribed in 2012 than in 2007, a study has found. Researchers from the Nuffield Trust and the Health Foundation identified a long-term trend of increasing prescription of antidepressants, rising from 15m items in 1998 to 40m … Continue reading
Workplace Bullying – Woman vs. woman on the rise says the Institute
A 2010 survey by the Workplace Bullying Institute in Washington state reported that woman vs. woman bullying is on the rise. “When a woman is a bully, which happens 38 percent of the time, she chooses a woman target 80 percent of the time,” explained Dr. Gary Namie of the Institute. Female bullies also more … Continue reading
Unemployment in Germany – Biggest rise in five years in May
German unemployment posted its strongest monthly rise in over five years in May, but the Labour Office said mild winter weather was largely to blame for the unexpectedly weak figures. The number of people out of work increased by 24,000 to 2.905 million on a seasonally-adjusted basis, data showed on Wednesday. It was the largest … Continue reading
Anti-China Riots in Vietnam – 60,000 workers lose jobs according to local media
Vietnams labor market was severely affected by its recent anti-China riots, which left 60,000 local workers jobless as many foreign-invested factories were forced to shut down for an indefinite date, local media reported Tuesday. Vietnams labor market was severely affected by its recent anti-China riots, which left 60,000 local workers jobless as many foreign-invested factories … Continue reading
EI in Atlantic Canada – The premiers got to look at a draft report
The premier of Prince Edward Island says he wants changes to the employment insurance program reversed, regardless of what a report says about the impact those changes have had on Atlantic Canada. `My demand in regards to EI has not changed, regardless of what this report is going to say, Robert Ghiz said Monday following … Continue reading
US – Big Business helps overseas, less so at home Americans think Gallup finds
Americans see large U.S. companies as having a more positive effect overseas than they do domestically. While 66% of Americans believe that large U.S. companies do a good job creating good jobs for citizens in other countries where they do business, far fewer, 43%, say the companies do a good job of creating jobs for … Continue reading
Keynes argued that slumps can happen because of declining wage
‘New-Keynesian’ models use sticky prices and downward rigidity of nominal wages to get ‘Keynesian’ results: during slumps, low interest rates, money growth and additional expenditure (not necessarily government expenditure) can heal the economy and lower unemployment without inflationary consequences. The name ‘New-Keynesian’ is however a double travesty. Not because prices aren’t sticky (many are) or … Continue reading
BHP and Rio Tinto in Australian – Further job cuts to come
Mining majors BHP Billiton and Rio Tinto have warned that the Australian mining industry will witness more mine closures and job losses this year due to the combination of high costs, high taxes and strong currency. BHP Billiton global coal president Dean Dalla Valle was quoted by The Sydney Morning Herald as saying that the … Continue reading
The Changing Economy – Infographic from the US Census Bureau
The Changing U.S. Economy – U.S. Census Bureau.
New York City – Job growth has been concentrated at the higher and lower ends of the skills distribution
New York City remains on strong growth trajectory, some weakness in Northern NJ to start the year, and signs of firming in Puerto Rico. A growing number of places in the region have gained back the jobs lost during the Great Recession. Types of Jobs Lost and Gained Middle-skill jobs were hardest hit during the recession and havenot come back. During the recovery, job growth has been concentrated at the higher … Continue reading
Job Search – A startup or a big company ?
Start-ups Pros: Start-ups are great environments for generalists (people with general skills who do not specialise in a specific area) and specialists. The more widespread your skillset, the more valuable you will be. Career paths in start-ups are accelerated; rather than waiting years for your chance to lead, you will be given more chances to … Continue reading
Wal-Mart Canada – 750 layoffs
Wal-Mart Canada has confirmed it laid off hundreds of employees across the country earlier this month in a move to rework its management structure. The Arkansas-based retailer said it eliminated 750 jobs — which is says represented less than one per cent of staff — after testing a new management structure in select stores. As … Continue reading
LinkedIn – Recruiters spend only 6 seconds reviewing an individual resume
According to the research, recruiters tend to follow a consistent visual path when reviewing both resumes and online profiles, so an organized layout is crucial. Because professionally written resumes have a clear visual hierarchy and present relevant information where recruiters expect it, these documents quickly guide recruiters to a yes/no decision. In fact, the study … Continue reading
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