Job Market Monitor
Michel Cournoyer
Liberia / ‘Growth Without Jobs?’ says Finance Minister
Liberia’s Finance minister Amara Konneh said the bottlenecks in the country’s economy as it relates to inflation and unemployment is structural and that growth potential and employment opportunities was only guaranteed mainly through the private sector and service industries. Konneh asserts that despite experiencing a 7% growth since 2003, the Liberian economy still shows little … Continue reading
Pharmaceutical / The Skills Gap
It is no secret that there is a shortage of professional skill sets in the life sciences and pharmaceutical sector, and nowhere is this more keenly felt than in the area of Biostatistics where experienced professionals are in demand all across Europe Continue reading
Australia / Tax Office to shed 900 jobs
The Australian Taxation Office will cut 900 jobs in the next seven months, staff were told late on Wednesday The Tax Office’s 25,000 workers across Australia were informed by email to expect redundancies as efficiency dividends by the previous Labor government and mandated by the Coalition began to bite. The move paves the way for … Continue reading
MBA / US vs Europe on jobs and pay
It’s a good time to be an MBA from an American business school. Some 95 percent of the Class of 2013 is working full-time, according to the latest data from the Graduate Management Admission Council (GMAC). The situation isn’t as good across the Atlantic. Europe’s lagging economy means the job market is tighter: Eighty-two percent … Continue reading
US / Labor Board Says Wal-Mart “unlawfully threatened, disciplined, and/or terminated employees”
As unhappy Wal-Mart (WMT) workers were getting ready to stage protests on the Friday that followed Thanksgiving in 2012, the world’s biggest retailer was threatening employees with reprisal on national TV and elsewhere. That was illegal, according to a Nov. 18 statement by the National Labor Relations Board. The decision comes two weeks before this year’s Black … Continue reading
US / STEM jobs are the fastest-growing
A survey by job-matching service TheLadders.com revealed that the fastest-growing jobs are in the tech sector, replacing those in middle management as the positions employers are trying to fill most. Of the fastest growing job titles over the last five years, seven of the top 10 are technology positions that necessitate specific technical skills for … Continue reading
Job Search in US and Canada / 83% of employees will “actively seek a new position” survey finds
Eighty-three percent of the workers said they will “actively seek a new position” next year, while just 5% said they had no intention of seeking a new job, according to Right Management, a career advisory firm Continue reading
Canada / 6.4 unemployed people for every job vacancy ( 5.2 a year ago)
In August, there were 219,000 job vacancies among Canadian businesses, a decline of 51,000 compared with August 2012. There were 6.4 unemployed people for every job vacancy, up from 5.2 one year earlier. The increase in the ratio of unemployment to job vacancies was all the result of the decline in job vacancies. The national job vacancy rate was 1.5% in August, down from 1.8% 12 months earlier. … Continue reading
Australia / Some work too much while other not enough
Australians are working seven hours a week of unpaid overtime, three hours more than the same study found in 2009. Half of the nation’s workers did not take all of their leave last year Continue reading
Canada / No shortage of workers, invest in training say studies
Two major recent studies provide excellent overviews of recent developments in the Canadian job market, and an informed framework for thinking about our future skills needs writes The Globe and Mail Continue reading
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
Tech firms in US / Hiring more women than men
Over the last 12 months, the tech industry added 60,000 jobs, and 36,000 — or 60% — of those positions went to women, according to the Bureau of Labor Statistics. Usually, men make up 70% to 80% of the new hires, but according to the BLS, the tide seems to have turned in the last … Continue reading
Mortgage Jobs in US / Over 15,000 Lost in Third Quarter
It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead. Continue reading
Points-Based Immigration Systems in Australia, Canada, and the United Kingdom
The individual country surveys reveal that Australia operates a hybrid system for skilled migration that involves employer sponsorship and a points-based visa program that was revised in 2012. The UK’s points-based program, introduced in 2003, provides for five different immigrant tiers. Canada uses a points-based selection process for its Federal Skilled Workers Program, which is one of several programs within its “economic class” of immigration Continue reading
Social Mobility in US / Skills Matter
The U.S. is not a meritocracy. This is not to say that skills don’t matter. Continue reading
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