Job Market Monitor
Michel Cournoyer
Balkan Countries / High unemployment rates
In Croatia, which has a 17 percent unemployment rate, almost 1,000 people lose their jobs daily. The rate is far above the EU average of 12 percent. The government is launching a programme in January to combat the high rates. Guarantee for Youth, which is funded by the EU, aims to secure jobs within six … Continue reading
Australia / Unemployment Rate up at 5.8% near post-crisis high
Australia’s jobless rate rose to 5.8% in November, edging closer to a post-financial crisis high and posing a challenge for the country’s conservative government. Unemployment surged to the top of the political agenda Wednesday as General Motors Co. GM -0.10% said it would cease all production in Australia from 2017, resulting in more than 2,900 … Continue reading
Latvia / Unemployment increases to 9.3 percent
Unemployment in Latvia during November increased to 9.3 percent, the State Employment Agency reports. The new figures show an increase of 0.2 percent when compared to October, where the registered unemployment rate was 9.1 percent. The highest unemployment rate was recorded in the Latgale Province at 18.7 percent, whilst the lowest unemployment rate was registered … Continue reading
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
Canada / The weakest job performance in a non-recession year since 2001
Canadian employment rose a steady, if unspectacular, 21,600 in November, keeping the jobless rate steady at 6.9%. However, the jobs picture isn’t exactly encouraging on a year-to-date basis, up only 147.9k, the weakest in a non-recession year since 2001. Compared to November 2012, employment is up a meagre 1%, with both the goods and services … Continue reading
US / A small, and shrinking, proportion of jobs pay enough for families to make ends meet finds the 2013 Job Gap Report by the Alliance for a Just Society
The Alliance for a Just Society’s 15th annual Job Gap Study examines employment opportunities and outcomes nationally, in 10 states (Colorado, Connecticut, Idaho, Florida, Maine, Montana, Nevada, Oregon, Virginia and Washington State), and in New York City Continue reading
Jobless Claims In US / They surge to 368,000
The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday. That was the largest weekly … Continue reading
Gender Pay gap in UK / Increased to 10.0% from 9.5% in 2012 finds ONS
The gender pay gap (i.e. the difference between men’s and women’s earnings as a percentage of men’s earnings) based on median gross hourly earnings (excluding overtime) for full-time employees increased to 10.0% from 9.5% in 2012 Continue reading
China / Official clarifications on retirement policy
A Chinese human resources official has denied that planned changes to retirement age will start with either civil servants or those engaged in heavy physical labor. Hu Xiaoyi, deputy head of the Human Resources and Social Security Ministry, made the remarks at a press conference to elaborate on the policy. Speculation surfaced on the Internet … Continue reading
Gender Pay gap in US / Millennial Women Near Parity
These findings are based on a new Pew Research Center survey of 2,002 adults, including 810 Millennials (adults ages 18 to 32),2 conducted Oct. 7-27, 2013 Continue reading
EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says
French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units. “France finds it unacceptable that a business like EADS cuts jobs overall while … Continue reading
Skills Gap in Ireland / Tech multinationals boost but jobs go unfilled
On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme. Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for … Continue reading
Hiring in India / Job portals are the most popular
Print media has lost its popularity as a preferred hiring channel and there is a heavy reliance on job portals who account for a majority of the overall hiring among Indian organisations, a survey says. According to a People Matters-CareerBuilder survey, among the channels used by Indian recruiting organisations, 82 per cent of Indian employers … Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
Millionaire immigrants in Quebec / Just 10% still there 5 years later
The vast majority of millionaire immigrants who come to Canada through Quebec’s immigrant investor program do not stay in that province, allowing Quebec to keep millions in job creation dollars while other provinces carry the costs of settlement Continue reading
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