Job Market Monitor
Michel Cournoyer
BC / A hard line on Canada Job Grant
B.C. Jobs Minister Shirley Bond described Kenney’s go-it-alone warning as “incredibly unfortunate”. Continue reading
Canada / Less than 50 per cent of high school students graduate with senior STEM courses
The report, Spotlight on Science Learning: The High Cost of Dropping Science and Math, estimates that less than 50 per cent of high school students graduate with senior science, technology, engineering and math (STEM) courses, despite approximately 70 per cent of Canada’s top jobs requiring STEM education Continue reading
Grads in Canada / RBC Launches New Internship For Recent College and University Graduates
With almost three-quarters (73 per cent) of recent post-secondary graduates surveyed saying a lack of experience is a barrier to securing their first job, RBC today announced the RBC Career Launch Program™, a multi-year investment in providing recent college and university graduates with career experience to help strengthen their future employability. A one-year internship for … Continue reading
Alcatel-Lucent / To slash 10,000 more jobs
Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs. 900 of those job losses will be made in France. Continue reading
India / The highest level of employee commitment finds a survey
India leads the bandwagon in employee commitment globally, with 50 per cent of workforce being totally committed to their job, according to a recent survey Continue reading
China’s Youth / They don’t want to work in factories says Foxconn
Young people across China are increasingly shunning monotonous, low-paid assembly line jobs, leaving Foxconn, the maker of iPhones and iPads, struggling to attract enough workers, according to the electronics manufacturer’s chairman Continue reading
Banca Monte dei Paschi di Siena SpA / To cut another 3,360 jobs
Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, pledged to cut an additional 3,360 jobs and increase capital to win support from the European Union for 4.1 billion euros ($5.6 billion) in state aid Continue reading
US / The End of the ‘Layoff’ as we knew it
The word layoff became a key part of the national economic vocabulary in the late 1970s and early 1980s, as factories shut down and workers were essentially told not to come in. It’s still used frequently in the business press, but now when you read “layoff” it’s most frequently a euphemism for workforce-cut. When Blackberry … Continue reading
US / The long-term unemployment crisis in one chart
Short-term unemployment is actually lower than it was in 2007. Indeed, the percentage of the labor force that had been unemployed for five weeks or less didn’t grow all that much during the economic meltdown. Continue reading
Young Swedes stream to jobs in Norway
Fully 20 percent of all young workers in Oslo are currently Swedish, according to fresh figures from the independent social economic research foundation Frischsenteret Continue reading
Canada Job Grant / Ottawa willing to compromise
In a renewed effort to show “flexibility” and reach out to the provinces on the Canada Job Grant program, the federal minister responsible, Jason Kenney, has written to the provinces with an olive branch Continue reading
Amazon in Poland / To create 6,000 jobs
Amazon.com Inc. (AMZN:US), the world’s largest e-commerce company, will hire 6,000 permanent employees in three new logistics centers in Poland to build capacity for further expansion in Europe. The Seattle-based company plans to open two centers near Wroclaw in southwestern Poland and one facility near the city of Poznan, 150 miles east of Berlin, Amazon … Continue reading
UK Apprentices / Nearly a third not paid the legal minimum wage in 2012
Nearly a third of apprentices were not paid the legal minimum wage in 2012, according to information published by the department for Business, Innovation and Skills this afternoon Continue reading
Toronto / Its job market is hot
How does Toronto compare to the rest of the country in overall job growth? Toronto accounted for one in three of all jobs created in Canada between 2010 and 2013 thus far Continue reading
Netherlands / There is little difference between the cyclical sensitivity of immigrant unemployment
In absolute terms, the Great Recession affected the unemployment rate of non-Western immigrants more than that of native workers in the Netherlands. However, this merely reflects their generally weak labour-market position – job-finding rates are much lower for non-Western immigrants than they are for natives. There is little difference between the cyclical sensitivity of these … Continue reading
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