Job Market Monitor
Michel Cournoyer
Canada / Total registrations in apprenticeship training programs across Canada declined in 2011
Total registrations in apprenticeship training programs across Canada declined 1.0% from the previous year to 426,283 in 2011. This was the first decline since 2008. Training programs received 97,605 new registrations in 2011, up 5.4% from 2010 but down from the 9.1% advance posted a year earlier. (This includes those individuals who were reinstated in 2011 after a year or more of absence.) Although new registrations have been increasing … Continue reading
Canada / The Youth Unemployment Gap mainly due to higher unemployment inflows
In 2012, the unemployment rate of youths aged 15 to 24 was 14.3%, compared with a rate of 6.0% for core-age adults aged 25 to 54. A significant gap between the unemployment rates of youths and adults have been observed every year since 1977. Most of the gap between the unemployment rates of youths and adults is the result of higher unemployment inflows among youths. In 2012, 2.6% … Continue reading
Siemens / To cut 1,000 energy jobs in Europe and Asia
German engineering giant Siemens plans to cut 1,000 more domestic jobs at its energy division over the next few years, the Frankfurter Allgemeine Zeitung reported in its Tuesday edition. The company plans to initially cut 340 jobs in its energy-solutions unit in Erlangen and Offenbach, the daily newspaper said. “Siemens is thus reacting to the … Continue reading
The time has come for a new employer-employee deal: The tour-of-duty approach
The time has come, we believe, for a new employer-employee compact. You can’t have an agile company if you give employees lifetime contracts—and the best people don’t want one employer for life anyway. But you can build a better compact than “every man for himself.” In fact, some companies are doing so… The tour-of-duty approach … Continue reading
Philippines / Gov’t urged to adopt German dual vocational system
Vice President Jejomar Binay has called on the government to look into Germany’s dual vocational system and see how it could help reduce unemployment in the Philippines. The German dual vocational system combines apprenticeships in a company and vocational education at a vocational school. The in-firm training lasts from two to three and a half … Continue reading
It is not the economy stupid! Spanish and Italians CEOs Best Paid in Euro Zone
Despite posting record unemployment figures in the first quarter of this year, Spain and Italy’s CEOs are the best paid in the euro zone, according to a new report. The annual Pay in Europe survey from The Federation of European Employers revealed that an Italian CEO of a multinational company could receive up to €1,144 … Continue reading
Journalism / Is It the Worst College Investment ?
If the constant downsizing in the news-media industry hasn’t already convinced you to pick something else to do with your life, a new study shows the worst “return on investment” for a four-year degree is a job in journalism. It takes journalists nearly 32 years to pay off their college loans. With a median salary … Continue reading
President Obama / Call for a Living Wage
“And now is the time to make sure that we are putting in place a minimum wage that you can live on — (applause) — because 60 percent of those making the minimum wage are women.” President Obama’s call for the minimum wage to be increased to a living wage was very important. The living … Continue reading
US / Is the Golden Age of Human Capital Over?
It seems that the golden age of human capital is losing its shine. That shine came not just from a high rate of return (both individual and social) on a college degree, but also from a beautiful, if partial, alignment between ideals of human development and the needs of employers. It was a happy alignment, … Continue reading
Yes, Unemployment Benefits may rise Unemployment But … writes Krugman
A reader writes in, having just heard somebody or other claim that the current unemployment rate would be much lower if unemployment benefits were even less generous, and asks whether this can be true. And the answer is no. People who say things like this are fundamentally confused about what the economic research actually means. … Continue reading
France / Michelin cuts 700 jobs
Michelin is cutting just over 700 jobs at its Joué-lès-Tours plant in the Loire region of France. It is the latest car industry manufacturer to respond to the European downturn with layoffs. The news was not received well at the factory, which makes tyres for lorries. Patrick Fontaine, a 36-year veteran at the plant, wept … Continue reading
100% rise in jobs for mobile app developers / Hotspots: India, China, Israel and Europe
To bridge the significant gap in demand and availability of skilled mobile app developers, several large organisations are tapping global talent hotspots like India, China, Israel and Europe, says a study. Job postings for mobile developers has doubled in the last two years, but supply is growing only at 13 per cent, the study by … Continue reading
Philippine / Only a fourth land good jobs says WB
The World Bank said that the Philippines need to create 14.4 million good jobs- jobs that raise real wages and bring people out of poverty- until 2016. The Washington-based agency in the latest Philippine Economic Update said there were 10 million people unemployed or underemployed as of 2012 and with 1.1million new entrants each year, … Continue reading
US / Half of all STEM jobs are available to workers without a four-year college degree finds Brookings Institute
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills. … Continue reading
HR / The new employees fear of reprisal from older, long time employees
A common concern for new employees in unionized work environments is the fear of reprisal from older, long time employees. This is often due to the perceived “threat” that new, energetic employees pose to the status quo performance of the long time employees. New employees have been told to “slow down” to not make the … Continue reading
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