Job Market Monitor
Michel Cournoyer
Ford / More Jobs And Vacations Skipped
Pent-up demand for new vehicles, along with a rebounding economy and a surging stock market, is bringing car buyers out in droves. On Wednesday, Ford Motor said it will add an additional 200,000 units of annual capacity this year — almost the equivalent of opening another assembly plant in North America. The extra capacity at … Continue reading
Canada / 150,000 jobs would be at risk in the housing sector
Canada’s housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report. The Canadian Association of Accredited Mortgage Professionals stops short of calling the ongoing slide that began about nine months … Continue reading
UK / venture capital trusts create thousands of jobs research finds
A survey of companies that have been funded by venture capital trusts (VCTs) has found that they have created 14,000 new jobs since receiving the investment. The Association of Investment Companies (AIC) heard from 271 such businesses, which reported that their combined workforces have swelled from 23,643 at the time of the VCT injection to … Continue reading
ESPN layoffs 7000 workers
Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement. The Bristol, Connecticut-based company said it was looking at the financial bottom line. In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing … Continue reading
Canada / Job vacancies down by 26,000 in a year
Canadian businesses had 210,000 job vacancies in February, a decrease of 26,000 from February 2012. There were 6.4 unemployed people for every job vacancy, up from 5.9 one year earlier. The increase in the ratio of unemployment to job vacancies was a result of a faster decrease in the number of job vacancies than in the number of unemployed people. The national job vacancy … Continue reading
Monster / Demand for Engineering Jobs Grows in 2013
We recently surveyed employers to gauge their recruitment plans for engineering job opportunities, and learned that a majority of employers (73%) are likely to hire engineering talent over the next 60 days, driven primarily by staff increases (60%) and company expansion (54%). Our survey found that there is both a need for a variety of … Continue reading
UK / One in five retiring in 2013 in poverty
Study by Prudential finds many people are facing a bleak financial outlook, with 14% relying solely on state pension One in five people retiring in Britain in 2013 will fall below the income poverty line according to a study by Prudential, which also found that nearly a quarter of women will enter retirement entirely dependent … Continue reading
Italy / Millions falling into poverty finds ISTAT
Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. The findings from national statistics institute ISTAT underline the scale of the challenge … Continue reading
China / Jobless fears as record 6.99 million graduates hit market
A record 6.99 million students – an increase of 190,000 compared to last year – will graduate from China’s higher education institutions this year. But graduate unemployment, a scourge in recent years, shows no sign of easing for the class of 2013. Local media in a number of Chinese regions have been declaring 2013 as … Continue reading
Autism / SAP in a recruitment drive
German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology. The firm said that by 2020, 1% of its global workforce of 65,000 employees would be people with autism. Autism is a developmental disorder that can cause problems with social interaction and … Continue reading
Texas / Drug testing for unemployment passes
A bill that would allow the state to drug screen unemployment applicants has passed the Texas House. Rep. Brandon Creighton presented the measure to the House Tuesday night The law would require state officials to screen applicants to see whether they might abuse drugs. Only if there is reasonable suspicion could the Texas Workforce Commission … Continue reading
US / The Unemployment Rate by Birthplace, 1994 to 2012
Since 1994, the unemployment rate for foreign-born workers has generally increased when the unemployment rate for native-born workers has increased and decreased when the rate for native-born workers has decreased. However, the unemployment rate for foreign-born workers has fluctuated more widely than the rate for native-born workers, and workers born in Mexico or Central America … Continue reading
Teachers Layoffs / By seniority ?
School boards are now working on their budgets, so more of these stories are likely to unfold over the coming months. The problem is that state law requires districts to use seniority as the sole factor in determining which teachers to lay off even though experience doesn’t always add up to greater effectiveness — as … Continue reading
France / The right Job Plan ?
The man charged with reviving France’s shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head of an American tire company … Continue reading
Spain and Germany sign an agreement to provide vocational training
Germany signed up on Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. “Each year nearly 5,000 young Spaniards will be able to benefit from vocational opportunities or even from stable and skilled jobs in Germany,” Spain’s Employment Minister Fatima Banez said after signing … Continue reading
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