Job Market Monitor
Michel Cournoyer
RWE / Would cut 3,400 jobs
Germany’s biggest power producer is looking to rationalise the workforce at its power unit and may shed as many as 3,400 employees Continue reading
China / A vocational school with no worries about her graduates
A slowing Chinese economy has fueled concern among many colleges for students’ job prospects, but the principal of Chengdu Modern Vocational School has no such worries about her graduates Continue reading
US / An annotated chart of the income share of the top 1 percent, 1913-2012
This graphic adds an annotated political history to the iconic (and recently-updated) Piketty and Saez data on top income shares in the U.S. Continue reading
The Great Recession / Suicides spiked a study finds
The Great Recession resulted in 5,000 additional suicides worldwide in 2009, according to a recent study — the first to look at suicide trends globally in the wake of the crisis Continue reading
Apprenticeship in UK / Labour calls time on the level 2
A report says: “to protect the apprenticeship brand, level 2 training should be renamed as a traineeship or similar Continue reading
Bangladesh / 50,000 garment workers strike over ‘inhuman’ wages
Tens of thousands of garment workers have downed tools and taken to the streets to urge the government for an increase in the minimum salary Continue reading
Human Capital / The quality of labor in rich countries would be about twice as large as the quality in poor countries research finds
The authors measure talent using the observed achievement levels from the Programme for International Student Assessment (PISA) scores. Their findings imply that the quality of labor in rich countries is about twice as large as the quality in poor countries Continue reading
Target / Hiring fewer temp holiday workers
Target Corp. plans to hire about 70,000 seasonal workers for the holiday shopping season, down about 20 percent from a year ago Continue reading
US Job Market / “Jobless Recoveries” are likely in the future finds Brookings (Video)
In each of the three most recent U.S. recessions, the unemployment rate has stayed high for longer and longer durations, increasingly resembling the experience of many West European countries in the 1980s Continue reading
US Labor Market / IMF’s chief endorses Fed the Federal Reserve’s decision
International Monetary Fund chief Christine Lagarde on Thursday praised the Federal Reserve’s decision this week not to tap the brakes on its bond-buying program to stimulate the U.S. economy, saying it was still too soon to start the widely expected “tapering” operation on the Fed program. “The IMF has always said that it should be … Continue reading
Europe / Chinese telecommmunications equipment maker Huawei plans to create 5,500 jobs
Chinese telecommmunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday. Huawei, the world’s second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing … Continue reading
UK / The number of immigrants hugely overestimated as immigration seen as an issue
A poll of Western countries has found that immigration is seen as a bigger problem in the UK than anywhere else Continue reading
Ford in Ontario / $700 million investment in Oakville plant would secures 2,800 jobs
A $700-million investment by Ford will secure more than 2,800 jobs at the firm’s Oakville plant Continue reading
US / Jobless claims rise, but backlogs might distort data
The number of Americans filing new claims for jobless benefits rose last week, but it was difficult to get a clear read on the labor market’s health because a Labor Department analyst said two states appeared to be working through a backlog of unprocessed claims Continue reading
Employees don’t leave companies, they leave managers
What employees are saying is that they want their managers to open up with them and better explain responsibilities and expectations Continue reading
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