Job Market Monitor
Michel Cournoyer
Offshore Wealth / Switzerland the top destination
Offshore wealth, defined as assets booked in a country where the investor has no legal residence or tax domicile, rose by 6.1 percent in 2012 to $8.5 trillion, with Western Europe the predominant source and Switzerland the most popular destination. (See the exhibit below.) Despite this increase, stronger growth in onshore wealth led to a … Continue reading
The Top 1% / 39% Of The World’s Wealth
The wealthiest 1 percent now control 39 percent of the world’s wealth, and their share is likely to grow in the coming years, according to a new report. The world’s total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group’s Global Wealth report. The top 1 percent control … Continue reading
US / The low-wage model: a single 300-person Wal-Mart Supercenter store could cost could cost taxpayers up to $1,744,590 per year to taxpayers
« Rising income inequality and wage stagnation threaten the future of America’s middle class » writes the Democratic staff of the U.S. House Committee on Education and the Workfororce in The Low-Wage Drag on Our Economy: Wal-Marts low wages and their effect on taxpayers and economic growth (Adapted chosen excerpts by Job Market Monitor to follow), adding that while … Continue reading
Canada / Oil and Gas Industry / Ten-Year Hiring Estimates Between 125,000 to 150,000 Across Canada
Canada is facing significant challenges in the availability of skills and talent required to meet the workforce needs of Canada’s oil and gas industry over the next ten years, according to a report released today by the Petroleum Human Resources Council of Canada. “The Decade Ahead: Labour Market Outlook to 2022 for Canada’s Oil and … Continue reading
Slovenia / Social Partners Want Better Active Employment Policy
Trade unions and employers voiced the demand for a more streamlined active employment policy as the Economic and Social Council held a session Friday dedicated to what is one of the state’s key policies targeting unemployment. Chosen excerpts by Job Market Monitor via STA: Social Partners Want Better Active Employment Policy.
Zambia / Only 47 per cent of births are attended to by a skilled health worker
ONLY 47 per cent of births are attended to by a skilled health worker at health institutions, says community development, mother and child health minister Dr Joseph Katema. During the launch of the Safe Motherhood Action Groups (SMAGS) Radio Distance Learning (RDL) programme in Lusaka yesterday, Dr Katema said home delivery was as high as … Continue reading
Job Search / Take care of your Credit Score: Nearly half of employers use credit checks
Most people tend to believe that it is only banks and lenders who mainly use credit reports but over the last decade credit card companies have been selling their services to a variety of interested buyers. Experian, one of the big three credit reporting Companies stated in its marketing materials that “Credit information provides insight … Continue reading
Canada / The Controversy over Chinese miners is not over
One resident of an unnamed British Columbia community claimed to personally know 40 unemployed miners who would be more than happy to work at a proposed coal mine in the province’s northeast that was instead slated to employ temporary Chinese workers. Another lamented the mine’s hiring plan as just the latest example of Canadian resources … Continue reading
Reshoring in the US / 11 Companies That Brought Jobs Back Home
over 50,000 jobs have been “reshored,” as it’s called, in the past three years, according to Harry Moser, president of the Reshoring Initiative, a non-profit dedicated to showing some U.S. companies the benefits of doing business at home. He says altruism has little to do with why most companies end up returning manufacturing to the … Continue reading
State and Local Government in US / Ease up on layoffs and unfilled positions
The survey finds that the pace of state and local government retirements continues to be high. There are signs that the improving economy has begun to reach state and local governments, as they ease up on layoffs and compensation freezes imposed since the economic downturn of 2008. Other findings include: Twenty-two percent of retirement-eligible … Continue reading
UK / Apprenticeships attract 11 applications per vacancy which are at a record level
A record 11 applications are being made for each apprenticeship vacancy in the UK, the latest official data suggests. Almost 370,000 applications were submitted between February and April, while 32,600 vacancies were advertised in the same period. But competition was as high as 17 per place in the arts, media and ICT. The National Apprenticeship … Continue reading
US / The New College Grads Job Market In 3 Graphs
According to the National Center for Education Statistics, bachelor’s degree holders between the ages of 20 and 24 saw average unemployment more than double from 2007 through 2011. But by 2012, it was falling quickly, back to within about a point of where it was at the turn of the century, when times weren’t exactly … Continue reading
HR / 56% of employers are using social media for internal communications – askGrapevine HR
Employers are increasingly using social media to communicate and build communities with their employees, according to new research. However the survey by global professional services company Towers Watson also found there is little consensus over which tools are most effective. Nicola Cull, director, communication and change management consulting at Towers Watson said: . “By its … Continue reading
Job Search / Resume and LinkedIn Profile
Your resume, on the other hand, is both an active and a passive job search tool. A passive job search tool: Upload your resume into resume databases, and it operates like a social media profile, making you visible to people who are actively looking for professionals like you in that particular database. An active job … Continue reading
Europe / Record Unemployment rate as Youth Unemployment rose by 188 000 in the euro area
The euro area (EA17) seasonally-adjusted unemployment rate was 12.2% in April 2013, up from 12.1% in March. The EU271 unemployment rate was 11.0%, unchanged compared with the previous month4. In both zones, rates have risen markedly compared with April 2012, when they were 11.2% and 10.3% respectively. These figures are published by Eurostat, the statistical … Continue reading
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