Job Market Monitor
Michel Cournoyer
India / McKinsey calls for an ‘inclusive reforms’ to reduce poverty
Pursuing an “inclusive reforms” agenda that boosts investments and generates more jobs will help to significantly reduce poverty in India, where over half of the population struggle to meet their essential needs, McKinsey Global Institute (MGI) said today. MGI, business and economics research arm of global consultancy major McKinsey & Company, has also projected that … Continue reading
Philippine / Unemployment rate in 2013 had worsened to 27.5 percent
It is saddening that despite the rapid economic expansion for the past two years, millions of Filipinos remain unemployed. This is what economists refer to as “jobless growth,” a phenomenon that afflicts many developing countries, debunking the myth that economic growth automatically translates to employment and poverty reduction. Halfway into his six-year term, President Aquino … Continue reading
Egypt / Unemployment remains at 13.4 percent
Egypt’s unemployment rate remained unchanged in the fourth quarter of 2013 at 13.4 percent of a labour force of 27.3 million people, according to state-run statistics body CAPMAS. Sixty-nine percent of unemployed people were aged between 15 and 29, and more than 82 percent of those young people held diplomas and university degrees. The CAPMAS … Continue reading
Grads Job Search in UK / Nearly 40% still hunting after six months
Nearly 40 per cent of graduates are looking for work six months after graduation, while a quarter are still unemployed after a year, according to new research. Conducted by the graduate recruitment website Totaljobs.com, the survey also shows that almost half of all graduates wished they had steered clear of academic courses, opting for ‘something … Continue reading
Canada / Job vacancies decline of 22,000 for 5.6 unemployed people for every job vacancy
There were 220,000 job vacancies among Canadian businesses in November, a decline of 22,000 compared with November 2012. There were 5.6 unemployed people for every job vacancy compared with 5.2 one year earlier. The national job vacancy rate was 1.5% in November, down from 1.6% 12 months earlier. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Job vacancies in brief, three-month average ending in November 2013. Related … Continue reading
Unemployment in the US / The top problem for people finds Gallup
Americans have a new No. 1 problem. Nearly one in four Americans mention jobs and unemployment as the most important problem facing the country, up from 16% in January. The government and politicians had topped the list since the government shutdown in October. Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Rises to … Continue reading
Immigration in Germany / A reform package to update the 2005 law
As Germany concluded its six-month European Union (EU) presidency in June, Germany’s federal policymakers passed a reform package to update the 2005 law on migration and integration. These reforms are an important indicator of the federal government’s newfound responsibility to the immigrants who live in Germany. But the government is using means other than policy … Continue reading
Poverty and Unemployment and Full Employment / The Early Debate between Beatrice Webb, Sidney Webb and William Beveridge
According to Beveridge’s 1944 report, only a state policy of full employment could free Britain from what he termed the ‘giant evils’ of Want, Disease, Ignorance and Squalor. The fight against unemployment and the fight against poverty were one and the same, according to Beveridge: “If we attack with determination, unity and clear aim the … Continue reading
East Asia Rising Pool of Unemployed Grads / Are there too many ?
Fast growing East Asian economies have rapidly increased the numbers of students attending university in recent years. Now the pool of unemployed graduates is rising to worrying levels in the region generally – and even in some high-growth economies. Of particular concern is whether high graduate unemployment is a temporary blip or reflects a chronic … Continue reading
EU Immigration / The Swiss aren’t the only ones concerned
Few paid the vote much mind before it took place, but the referendum’s result last week made it onto the front pages of newspapers across Europe. Politicians from London to Berlin, from Brussels to Rome released statements. And it quickly became clear that the Swiss once again shined the spotlight on an issue that people … Continue reading
Workforce Training Investments in US / A comparaison
We spend $3. billion in federal funds to prepare people for million jobs (4%) that require middle- skill training. That’s enough to train 451,000 people, a small fraction of the 16 million who could benefit from investments in access to training. We spend $ billion in federal funds to prepare people for 5million jobs (3%) … Continue reading
Outsourcing at Delta / To lay off 741 in Detroit
Atlanta-based Delta Air Lines Inc will job out maintenance and service worker jobs at Detroit Metropolitan Wayne County Airport with layoff notices coming in April, reports The Detroit News. The job cuts affect 741 workers, but just how many will remain out of work is unclear, the paper said. Chosen excerpts by Job Market Monitor. Read … Continue reading
Jaguar Land Rover / Recruiting the first 500 in 1,700
Jaguar Land Rover has today begun recruitment for the 500 new jobs at its Solihull manufacturing facility as part of a 1,700 jobs recruitment drive. The plans, announced last September, will see the first intake consist of semi-skilled production operator jobs to support the production of new vehicles, included as part of the £1.5bn invested … Continue reading
IBM / to cut 15,000 jobs, starting in India
Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. “The estimate of jobs cut globally is 15,000,” international coordinator at the Alliance@IBM (official IBM employees union) Lee Conrad told PTI. Though the exact number of job cuts in … Continue reading
Coal Miner in US / Jobs are vanishing
Coal mine employment in the U.S. has dropped nearly 20% in the past two years as the industry comes under intense competition from natural gas, according to data from SNL energy. From a recent high of about 94,000 in Q4 2011, mining jobs have fallen to about 77,000. Last year, natural gas matched coal in … Continue reading
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