Job Market Monitor
Michel Cournoyer
India / Engineering postgraduates: a glut in applications
There are few takers for engineering postgraduates these days. The slowdown in the economy has dampened prospects in manufacturing so much so that the industry is shy about hiring them. Another major attraction was academics. In fact, many engineering graduates did master’s with an eye on teaching jobs. There was indeed a time when a … Continue reading
Ireland / Education and Training Boards replace VECs
The Minister for Education and Skills, Ruairí Quinn T.D., has today announced the establishment of 16 new Education and Training Boards (ETBs), that will replace the 33 Vocational Education Committees (VECs). Minister Quinn said: “Today marks a new era for education and training in Ireland. The new ETBs will strengthen locally managed education and enhance … Continue reading
India / Food Corporation hiring 7,000
Food Corporation of India (FCI) is on a hiring spree as it plans to recruit 7,000 in order to gear up for implementation of proposed Food Security Act, after hiring about 3,800 employees. “This is a massive recruitment drive undertaken by the FCI,” state-run FCI Executive Director (Personnel) D V Devinder Kumar Bhalla today said … Continue reading
UK / Financial services shed 10,000 jobs in three months
The financial services sector is thought to have shed 10,000 jobs in the three months to June despite strong growth in business volumes, the CBI employers’ group and PwC have reported. The industry expects to create 1,000 jobs in the next quarter, according to the latest survey of 94 companies by the CBI and PwC, … Continue reading
Over-educated / In 1970, only one in 100 taxi drivers and chauffeurs in the US had a college degree, today 15
In 1970, only one in 100 taxi drivers and chauffeurs in the US had a college degree, according to an analysis of labour statistics by Ohio University’s Richard Vedder, Christopher Denhart and Jonathan Robe. Today, 15 out of 100 do. Continue reading
North Carolina / First state to cut federal long-term jobless benefits
North Carolina is the first state to cut off a federal unemployment compensation program for the long-term jobless Continue reading
US / Labor Surplus, Labor Shortage, and the Skills Gap
US Job Market has two significant problems — a labor surplus and a labor shortage. High unemployment and a lack of job opportunity for young people – the surplus; employers who can’t find the highly skilled workforce needed – the shortage Continue reading
US / had more temp workers than ever before: 2.7 million
In cities all across the country, workers stand on street corners, line up in alleys or wait in a neon-lit beauty salon for rickety vans to whisk them off to warehouses miles away. This is Chicago, New Jersey, Boston. Continue reading
US Medical Device / Widespread Layoffs Leave Med Tech Shaky
Sizable layoffs this year from the likes of Medtronic, Boston Scientific, and Abbott Vascular, among others, have undeniably rattled the medical device industry Continue reading
To Be Young in China
The post-’80s, born in the 1980s, have seen rapid change as China moved from a Maoist state to a market-oriented economy characterized by rampant consumerism and unprecedented inequality. Because of the country’s one-child policy, many of them are only children. They’re the first generation to grow up with the Internet, and in turn, have had more access to information – and perhaps greater exposure to individual censorship Continue reading
US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)
When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month. This is consistent with the Fed not raising rates until 2015 … Continue reading
UK / 46 applications for every graduate vacancy this year
Nearly 50 graduates on average are applying for every job this year amid fierce competition for the best career openings, new research shows. Well in excess of 100 applications for each position are being sent to some employers, such as consumer goods and media companies. A report suggests there has been a rise in the … Continue reading
Nigeria / Vocation and Technical Education, a Key to Improvement
Many able bodied and highly qualified Nigerian who could not secure gainful employment have remained economically dependent on their parents. This is because they lack the necessary occupational skills to be self employed and to effectively function in today’s world of work Continue reading
Job Search / Long and lonely days (video)
The long, lonely search for a job. Continue reading
UK / Marks & Spencer to create employability scheme for 1400 youth – Apparel News United Kingdom
Marks & Spencer (M&S) announces details of a new youth employability scheme – Make Your Mark – which will see the retailer join forces with youth charity, The Prince’s Trust, to create over 1,400 work experience placements for 16-25 year olds Continue reading
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