Job Market Monitor
Michel Cournoyer
India – One in four business graduates get jobs in US
About one in four business school graduates in India find jobs in America, second only to China, which sends 38 per cent of its alumni to the US, according to a new survey. While 64 per cent of Indian business graduates stay in their home country, 23 per cent go the US and two per … Continue reading
Deutsche Bank – New layoffs to come
Deutsche Bank AG (DBK), Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said. The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital … Continue reading
India – 85% of employees looking elsewhere
Job opportunities in the market may have become fewer, but that is not stopping 85% of the total workforce from eyeing greener pastures. Most employees are either actively looking for a job or open to talking to recruiters about relevant opportunities, says an annual exit survey by LinkedIn. The number of employees looking to exit … Continue reading
UK – Employment continues to increase, unemployment to fall writes ONS
Latest estimates show that the number of people in employment continued to increase. Unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years. The unemployment rate for 16 to 24 year olds was 19.8% … Continue reading
Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
The Great Recession of 2007–2009 and its aftermath have posed the most serious challenge to unemployment insurance (UI) financing since the state UI programs were established during the late 1930s. Since 2008, 36 of the 53 state UI programs have borrowed from the U.S. Department of the Treasury (Treasury) to finance benefit payments in the … Continue reading
IMF – There is growing evidence that high income inequality can be detrimental to achieving macroeconomic stability and growth
Income inequality has increased in both advanced and developing economies in recent decades. Increasing inequality has been attributed to a range of factors, including the globalization and liberalization of factor and product markets; skill-biased technological change; increases in labor force participation by low-skilled workers; declining top marginal income tax rates; increasing bargaining power of high … Continue reading
Continental Ag – To create 7,000 new jobs
Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 – from 178,000 in 2013 to 185,000 by the end of the year. The company said it plans to increase sales by 5 … Continue reading
Middle East – A growing gap between education and market demand
Educational challenges across the Middle East vary from country to country, but one thing remains the same – the growing gap between education and market demand. The urgent need for educators to produce graduates who possess skills sought after by employers took centre stage on Monday at a panel discussion during the second day of … Continue reading
Teens and young adults employment plummeted between 2000 and 2011 in the Largest Us Metropolitan Areas study says
“Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011” write Andrew Sum, Ishwar Khatiwada, Mykhaylo Trubskyy, and Martha Ross with Walter McHugh and Sheila Palma in The Plummeting Labor Market Fortunes of Teens and Young Adults on brookings.edu. On a number of measures—employment rates, labor force underutilization, unemployment, and year-round joblessness—teens … Continue reading
United Airlines in Canada – Attempting an “End Run” around the Canada Labour Code in its decision to outsource says union
The International Association of Machinists and Aerospace Workers (IAM) says United Airlines is attempting an “End Run” around the Canada Labour Code in its decision to outsource work at its Vancouver and Calgary operations currently performed by IAM members. “Under the code, the employer must give 16 weeks’ notice and United has not stated clearly … Continue reading
Unemployment Extension in US – A bipartisan compromise agreement on the table
Senator Jack Reed (D-RI) and Senator Dean Heller (R-NV) have announced a bipartisan compromise agreement (Reed-Heller Agreement to Restore Emergency Unemployment Insurance) to restore federal jobless benefits which expired on December 28, 2013. The legislation would provide for a 5 month extension of federal Emergency Unemployment Compensation (EUC) which expired on December 28th. The more … Continue reading
Sweden – The unemployment rate of 8.5 percent and LO is preparing for a regime change
In February 2014, the number of unemployed persons was 433 000, corresponding to an unemployment rate of 8.5 percent. 4 648 000 persons aged 15-74 were employed; this is an increase of 51 000. The number of hours worked averaged 154.9 million per week, an increase of 3.3 million. Seasonally adjusted data shows small differences in … Continue reading
Greece – Unemployment at record level
Greece’s jobless rate rose to a record 27.5 percent in the last quarter of 2013 even as the pace of economic contraction eased, remaining the highest in the eurozone, data showed on Thursday. Chosen excerpts by Job Market Monitor. Read the whole story at ekathimerini.com | Greek joblessness at record level, reaching ‘cyclical peak,’ according to economist. … Continue reading
Unemployment Rate in OECD – Stable at 7.6% in January 2014
The OECD unemployment rate was stable at 7.6% in January 2014. Across the OECD area, 46.2 million persons were unemployed, 3.8 million less than the peak in April 2010, but 11.5 million more than in July 2008. via Employment – OECD. Related articles Eurozone jobless rate Gap widening says OECD average European Union – 5.556 … Continue reading
Belarus – The Unemployment rate at 0.5%
As of 1 March 2014 Belarus’ unemployment rate stood at 0.5% of the workforce. The figure was at 0.6% a year ago, BelTA learned from Oleg Tokun, head of the employment policy department of the Labor and Social Security Ministry. In February 2014 the jobless rate stood intact in all the country’s regions. As … Continue reading
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