Job Market Monitor
Michel Cournoyer
From Defined Benefits To Defined Contributions / Firms save 2.7-3.6% of payroll per year research finds
Since the early 1980s, there has been a shift from defined benefit (DB) to defined contribution (DC) pension arrangements in the U.S. corporate sector. This shift has continued markedly over the past decade. In the late 1990s, assets in private sector DB and DC plans were each around $2 trillion. By the end of 2010, … Continue reading
Barbados / To cut 3,000 public sector job
On Friday [Dec 13] Barbados Finance Minister Chris Sinckler announced cost-saving measures that could result in approximately 3,000 public sector employees on the island losing their jobs. Speaking in the Barbados Parliament, Mr Sinckler said they propose that the process be spread over the period January to March 2014, starting with the first 2,000 job … Continue reading
US / Private college created fake jobs for grads reports the Huff
Eric Parms enrolled at an Everest College campus in the suburbs of Atlanta in large part because recruiters promised he would have little trouble securing a job. He’d seen the for-profit school’s television commercials touting its sterling rates of job placement, and he’d heard the pledges of admissions staff who assured him that the campus … Continue reading
Sharp factory in Wales / 615 jobs to go
Wrexham MP Ian Lucas said the loss of an expected 615 jobs at the Sharp factory on the Llay Industrial Estate announced today is a hammer blow to the town. “May I say how sorry I am for those who are losing their jobs in the run up to Christmas and I will work with … Continue reading
Canada / Child poverty is not a federal matter says Minister James Moore
Looks like Ottawa won\’t be helping provinces out with child poverty. In a report released on Sunday, Federal Minister of Industry James Moore told News1130 that it is not his job to help British Colombia end its growing child poverty problem. “Is it my job to feed my neighbour’s child? I don’t think so,” Moore … Continue reading
Student Debt in US / The national share of grads with loans rose from 68 percent in 2008 to 71 percent in 2012 with an average of $29,400 in debt
Student Debt and the Class of 2012 is our eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. Our analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors … Continue reading
Welfare and Work in US / Caseworkers would spend far more time on paperwork than they actually spend assisting program participants find employment study finds
Over the past decade, politicians and the press alike have claimed that welfare reform works. Despite these claims, many researchers question the success of welfare reform. Since 1996, and until the recent recession, many welfare participants in the United States have found some type of employment after leaving welfare. It is not clear how much … Continue reading
Older Workers / How long do older unemployed workers conduct their job searches before deciding to retire ?
Unemployed people who have these resources retire more rapidly than those who cannot afford to do so, regardless of their job prospects. The results suggest that for job separations that do not lead to an immediate retirement, about half of the jobless spells end in retirement and half in re-employment. Among jobless spells that do end in retire- ment, most do so within a year after separation. Continue reading
Australia / Country-wide licensing authority for occupations has been scrapped
A COUNTRY-WIDE licensing authority for a range of occupations including lawyers and real estate agents has been scrapped. The Council of Australian Governments (COAG) has agreed to scrap the National Occupation Licensing Authority which was set up by the former Labor federal government after a 2008 COAG meeting. Most states decided at a meeting in … Continue reading
Europe / Employment fell by 0.8% in the euro area and by 0.3% in the EU28 since a year
These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts Continue reading
Cisco / To create up to 1,700 jobs with Ontario Govt
Cisco and the Ontario government today announced an agreement that could see the networking company spend as much as $4 billion over the next 10 years to expand its operations in the province. Premier Kathleen Wynne and Nitin Kawale, president of Cisco’s Canadian unit, attended a news event Friday in Toronto to release details of the … Continue reading
Novartis (Ciba Vision) / To cut 300 jobs with closure in Mississauga
Novartis AG will close its Ciba Vision plant in Mississauga, Ont., next year, laying off 300 workers, another in a growing list of factory shutdowns in the province. The plant, which has been making contact-lens solution for about three decades, will start winding down in May with the full closing slated for the end of … Continue reading
Ford / To Hire 5,000 in US and 6,000 in Asia
Ford Motor Co. (F) plans to add 11,000 jobs in the U.S. and Asia in 2014, with more than half of those hires coming in the latter region where the company is scheduled to open two factories. Ford plans to hire about 6,000 people in Asia, most of them as hourly employees, according to a … Continue reading
Tackling Youth Unemployment / Try apprenticeships says ILO
The ILO was host this week to a Sub-Regional Workshop on Apprenticeship Systems in Europe, where government, workers’ and employers’ representatives had the chance to exchange ideas and best practices on successful apprenticeship systems in the continent. Apprenticeship systems have played an important role in certain countries to help reduce youth unemployment. Watch the videos … Continue reading
Sweden / The unemployment rate is at 8.0% (sa)
In November 2013 the number of employed persons aged 15-74 increased by 75 000 compared to November 2012 and amounted to 4.7 million (±35,000). The employment rate was 65.6 (± 0.5)%, an increase of 0.7 percentage points. The number of employed women increased by 53,000 and amounted to 2 236,000 (±27,000), while the number of … Continue reading
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