Job Market Monitor
Michel Cournoyer
US College degree / Employers place more weight on experience, particularly internships and employment during school
Half of employers surveyed recently by The Chronicle and American Public Media’s Marketplace said they had trouble finding recent graduates qualified to fill positions at their company or organization. Nearly a third gave colleges just fair to poor marks for producing successful employees. And they dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems. Continue reading
Sri Lankan / 25 New technical universities will provide job-oriented courses
The Sri Lankan government plans to set up 25 technical universities and university colleges across the island, to cater to students who fail to gain entry to state universities Continue reading
US / A new labor market indicator: the threshold of initial jobless claims
The paper introduces a new labor market indicator, referred to as the threshold of initial jobless claims, that serves as a benchmark of comparison for the weekly reporting of initial jobless claims. The presented threshold is an improvement over a commonly used rule of thumb in relating initial claims to the upcoming employment report Continue reading
Offshoring / Bank of America Moving Home Mortgage Jobs To India
Bank of America (BAC) opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost Continue reading
Germany / A call for An United European Labor Market
German Labor Minister Ursula von der Leyen said she’ll push to create a Europe-wide labor market with common training, mutually recognized qualifications and language classes Continue reading
Interview scores had no correlation with performance ?
Google has found that interview scores had no correlation with performance, of those who got hired Continue reading
The New Dad / A Report on Work and Life
In homes across America, fathers are launching a quiet revolution. A Report. Continue reading
US vs Bangladesh / Sweatshop / Suspension of Preferential Trade Status and Reactions
The U.S. is planning to suspend its preferential trade treatment for Bangladesh. The suspension will begin in about 60 days.
Bangladesh’s foreign ministry has expressed hope that the U.S. will soon restore the country’s trade preferences Continue reading
Best Practice Guide / Housing and employment services
ERSA and the National Housing Federation has launched a best practice guide ‘Housing and employment services: Collaboration in a time of change’ Continue reading
Australia / WesTrac cuts 350 jobs
HEAVY machinery dealer WesTrac is cutting 350 jobs as part of a restructure in response to weaker demand from the resources industry Continue reading
UK / More than 20,000 of last year’s graduates were unemployed six months after leaving university
More than 20,000 of last year’s graduates were unemployed six months after leaving university Continue reading
Arkansas / Nordex wind turbine plant to stop production and lay off
A $40 million wind turbine factory in northeast Arkansas that opened in 2010 with plans to employ more than 700 people announced Friday it would end production and lay off 40 workers Continue reading
US / A skills Gap ? Most H-1B IT Foreign Workers hold entry-level positions
There is little empirical evidence to suggest that foreign engineers displace American engineers as a whole. If anything, one recent study suggests, the growth of immigrant workers in American companies helps younger American technical workers — more of them are hired and at higher-paying jobs — but has no noticeable consequences, good or bad, on … Continue reading
Turkey / The highest NEET ratio among OECD
Turkey has the highest proportion of young people neither in employment nor in Education or training (NEETs) among Organization for Economic Cooperation and Development countries, according to the OECD Continue reading
Glencore-Xstrata / 450 jobs cut
GLOBAL mining giant Glencore-Xstrata has slashed 450 jobs from two of its central Queensland coal mines Continue reading
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