Job Market Monitor
Michel Cournoyer
US / Who Are the Long-Term Unemployed?
Relative to currently employed workers, those who have been out of work for more than 26 weeks (the long-term unemployed) tend to be less educated and are more likely to be nonwhite, unmarried, disabled, impoverished, and to have worked previously in the construction industry and construction occupations Continue reading
Spain / Nationalized bank plans 2,453 layoffs
Nationalised Spanish lender Catalunya Banc plans to lay off 2,453 workers, nearly a third of its workforce, under a eurozone bailout deal for Spain’s banks, a union source said on Tuesday Continue reading
Canada / Higher Education reduces youth unemployment
Canada’s young work force has profited from one of the strongest education systems in the industrialized world Continue reading
US Aerospace Workforce / A Perfect Storm is coming
Increasing global demand, constrained capacity, and labor scarcity are changing the geography of high-tech manufacturing Continue reading
Sears Canada / Cutting 245 jobs with Offshoring IT
Sears Canada (TSX:SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas Continue reading
BlackBerry in Waterloo / Slashes another 100 jobs on top of 250
Another 100 people have been laid off in Waterloo by mobile phone maker BlackBerry, the company says Continue reading
UK / Local authorities say youth unemployment schemes does work
National schemes to tackle youth unemployment are not working, the group representing English councils has said. The LGA said the current system was over-complicated, with 35 different national schemes across 13 different age boundaries costing £15bn a year. Research by the LGA also found a drop of 8% in the number of young people in … Continue reading
Jamaica / Unemployment now at 16.3%
THE unemployment rate rose to 16.3 per cent in April this year, up almost two percentage points over year earlier figures, according to figures released by the Statistical Institute of Jamaica (STATIN) Continue reading
US / More Nonwhites Than Whites Say Jobs the Top Issue finds Gallup
One in four Americans name the economy as the most important problem facing the country today, followed by unemployment and jobs at 19%, and dissatisfaction with government at 17% Continue reading
4 Job Search Advices
The value of using a job board is minimal at best Continue reading
Europe / A Baby Recession ?
An interesting and forward looking study from the Eurostat on the demographic fallout from the current crisis predicting a so-called ‘baby recession’ in Europe Continue reading
UK / ‘Don’t give our jobs to migrants’ say young to a poll
Three-quarters of those questioned said that it was wrong for the country to recruit from overseas while so many young people are already struggling to earn a living Continue reading
Minimum Wages Around The World
Out of the 20 or so countries listed on The Economist’s Big Mac Index (countries that also have minimum wages – Italy and Germany do not, for example) from 2012, the U.S. has the 7th highest minimum wage on an absolute basis, about the median number Continue reading
Illinois / The second-highest unemployment rate in US
Illinois has the second-highest unemployment rate in the nation, a rank the state has held for five months now, behind only the state of Nevada. Continue reading
Interns / Death of 21-year-old BoA’s in UK. Should those at the White House be paid ?
Serious concerns have been raised tonight about the punishing hours endured by interns at City investment banks following the death of a young Bank of America Merrill Lynch employee. At the same time, the White House under pressure to pay its interns Continue reading
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