Job Market Monitor
Michel Cournoyer
India / SMEs employ close to 40% of workforce, but contribute only 17% to GDP
Small and medium enterprises (SMEs) have been the backbone of the Indian economy. That is both a good and a bad thing. The good part first. Employing close to 40% of India’s workforce and contributing 45% to India’s manufacturing output, SMEs play a critical role in generating millions of jobs, especially at the low-skill level. … Continue reading
US / Employment Lags
The American economy may be the world’s biggest, but when it comes to job creation since the recession hit at the end of 2007, it is far from a leader. Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in … Continue reading
US / Long-Term Unemployment Persists
Long-term unemployment remains a very dark shadow in the May jobs report: 4.4 million workers have been out of a job for more than six months. In essence, the job market has normalized for the short-term unemployed. But the longer you have been out of a job, the bleaker the picture gets. The number of … Continue reading
Spain / Economics Nobel Laureates advise to address unemployment before reducing debt
El Economista writes that Economics Nobel laureates Eric Maskin, Finn Erling Kydland and Christopher Pissarides argue that Spain should abandon the focus on deficit reduction and concentrate instead on reducing unemployment. Maskin said the priority should be to put people back to work rather than obsessing over debt; Pissarides said that the necessary structural reforms … Continue reading
US / Men and Women Uses of Social Media (Infographic)
When it comes to social media, male and female behavior is very different. For instance, women do the bulk of Facebook sharing (62 percent), while more men are on LinkedIn than women (54 percent). Men also spend more time on YouTube each week than women, as guys clock an hour compared to 35 minutes for … Continue reading
US / Lowering Expectations about Employment Gains for the coming years
“The buoyant monthly employment gains that accompanied prior recoveries are not likely to be repeated. Indeed, even if GDP growth were to surprise on the high side (3.1 percent for 2013 as illustrated in the cyclical LFPR scenario), employment growth generated by our model would still be just 147,000 per month in the current year, … Continue reading
Arab countries should embrace knowledge economy says the World Bank
The report: Transforming Arab Economies: Travelling the Knowledge and Innovation Road, published by the World Bank, Centre for Mediterrannean Integration (CMI) and European Investment Bank, shows how an economy based on innovation and knowledge can help promote greater economic growth and spur competitiveness. Inger Andersen, Vice-President for the Middle East and North Africa at the … Continue reading
Mobile Ad Companies / As many as 1,000 Layoffs
All those venture capitalists pouring money into mobile advertising startups might want to ask themselves why there have been as many as 1,000 layoffs at mobile ad companies and marketers this year. The mobile advertising business will grow to an estimated $7.29 billion in 2013, according to eMarketer. But the rising tide isn’t lifting all … Continue reading
Canada / EI ‘Reform’ / Atlantic premiers name panel to study Ottawa’s changes
Atlantic Canada’s premiers have appointed a four-member panel to review Ottawa’s changes to employment insurance. A member from each of the four provinces will sit on the panel to be led by University of Moncton economist Pierre-Marcel Desjardins. The other members include Nova Scotia labour union leader Danny Cavanaugh, Ian MacPherson of the Prince Edward … Continue reading
India / One in four to switch jobs
As the growth trends firm up in job market, India is set to witness highest attrition rate globally with possibility of one in four employees switching jobs in the country, a survey said on Friday. The survey conducted by global human resource and management consultancy major Hay Group also said that the concerns among the … Continue reading
Canada / Employment rose by 95,000 and the unemployment rate was down to 7.1% in May
Following little change the previous month, employment rose by 95,000 in May, with most of the increase in full-time work. This employment gain pushed the unemployment rate down 0.1 percentage points to 7.1%. Chart 1 Employment Compared with 12 months earlier, employment grew 1.4% or 250,000, all in full-time work. Over the same period, the total number of hours worked rose 1.1%. In May, employment increased in … Continue reading
Job Search / A Jobs Site for ‘Beautiful People’
Exclusive social media site BeautifulPeople.com is now offering its 750,000 members a way to use their looks to find employment with its new recruitment service. The company, which launched more than 10 years ago, allows members to vote on the admission of potential members based on their looks. It is now allowing any company to … Continue reading
Australia / Half of workers to quit in next five years
Australian businesses are facing a war to retain their top talent and will need a more modern approach to devices, working conditions and social media to keep their workers happy. Even though the unemployment figures sits at around 5.5 per cent and new job ads have fallen to their lowest level in years, two recently … Continue reading
US / Unemployment rate “was essentially unchanged” at 7.6 percent says BLS
Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and retail trade. (JMM: The UR was 7.5 percent last month) Household Survey Data Both the number of unemployed persons, … Continue reading
Moms / Do babies matter to academic careers?
It’s a question three researchers have spent a decade answering, and their findings are now available in what may be the most comprehensive look at gender, family and academe ever published. (Spoiler alert: the answer is “yes.”) The book, Do Babies Matter? Gender and Family in the Ivory Tower, out this month from Rutgers University … Continue reading
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