Job Market Monitor
Michel Cournoyer
America Youth Unemployment: A Growing Problem
Did you know we have a youth unemployment problem? Employers of every size in every sector lament the lack of skills available to them in the talent pool. Whether you’re reading reports from McKinsey, the Georgetown University Center on Education and the Workforce, or countless other research organizations, the message is all too similar: our … Continue reading
Denmark / The Danish record offers no support for the social-spending-hurts-growth position
Danes are neither lazy nor poor. Despite high marginal tax rates (or perhaps because of them) they are about as rich, on average, as Americans are. The World Bank estimates that gross domestic product per capita in Denmark for the 2008-12 period at $59,889, compared with $48,112 for the United States. Adjusted for differences in … Continue reading
US / Vets program to be unveiled
First lady Michelle Obama on Monday will announce the launch of a credentialing program that the White House says will help members of the armed forces leaving military service earn the certification needed for many high-tech jobs in the private sector. Many departing service members have faced problems landing high-tech jobs in the private sector … Continue reading
Skills Gap / Banks struggle to recruit compliance experts
Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday. Regulators around the world imposed tighter controls over the financial services industry following the financial crisis, including lifting capital requirements … Continue reading
Businesses around the world are reporting a skills shortage epidemic finds Grant Thornton
Businesses around the world are reporting a skills shortage epidemic that is weighing on growth prospects, according to new research from the Grant Thornton International Business Report (IBR). Almost four in ten (39%) businesses around the world are struggling to recruit the right people, with a lack of technical skills cited as the primary problem … Continue reading
2012 Global Hunger Index
World hunger, according to the 2012 Global Hunger Index (GHI), has declined somewhat since 1990 but remains “serious.” The global average masks dramatic differences among regions and countries. Regionally, the highest GHI scores are in South Asia and Sub-Saharan Africa. South Asia reduced its GHI score significantly between 1990 and 1996—mainly by reducing the share … Continue reading
A site where people looking for hourly jobs and internships could link up with people looking to fill those slots
Shawn Boyer set out to help a friend find a job. He ended up creating a new one for himself. Back in 1999, his friend came to him with a problem. She was getting a doctorate in an obscure liberal-arts field, and finding an internship was a challenge. Mr. Boyer, just a couple of years … Continue reading
Greece’s Bailout / 15,000 public sector jobs cut
The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face redundancy by the end of next year in a move which overturns the constitutional guarantee for civil servants to have a job for life. The move was was necessary … Continue reading
France / To cut 34,000 jobs in defence
Proposed cuts to France’s military spending met with stiff resistance from lawmakers and the army on Monday, although the flat budget of 179.2 billion euros over a five-year-period will mean 34,000 job losses by 2019. France will keep its defence budget broadly stable for the next five years, after meeting stiff resistance from lawmakers and … Continue reading
Rio Tinto’s London HQ / Almost half of jobs to be cut
Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year. Rio has been reviewing high-cost office locations including London since … Continue reading
UK / 1,000 jobs supplement proves a success
WHEN it comes to finding a job, making sure you pick up your Grimsby Telegraph definitely works. After we published details of more than 1,000 local jobs in a special-bumper supplement on Thursday, the Job Centre Plus offices were inundated with calls and visits from job seekers. As reported, the supplement – supported by our … Continue reading
The horror of Bangladesh Sweatshops
Originally posted on The Islamic Workplace:
Video of Fire in 2012, Nov 27 Following Saturday’s deadly garment factory fire in Bangladesh, some wonder if greed is being put before safety? Robin Stickley reports. Building Collapse of April 24, 2013 An eight storey block housing factories and a shopping center collapsed on the outskirts of the…
Unemployment in America from a Child’s Perspective
The report Unemployment from a Child’s Perspective written by Julia Isaacs examines unemployment from a child’s perspective, reporting that 6.2 million children lived in families with unemployed parents in 2012. ( Adapted chosen excerpts by Job Market Monitor to follow) When a parent loses a job, the entire family is affected, including the children. Money is suddenly tighter, and what … Continue reading
US / The historic decline in the employment-population ratios
‘The decline in the employment-population ratios for men and women over 2000–07, just before the Great Recession, represents a historic turnaround in U.S. employment trends’ writes Robert A. Moffitt in The Reversal of the Employment- Population Ratio in the 2000s: Facts and Explanations on brookings.edu. (Adapted chosen excerpts by Job Market Monitor to follow) The decline is disproportionately concentrated among the less … Continue reading
Nigeria / Federal Government Plans to Create 5 Million Jobs By 2015
Dr Olusegun Aganga, the Minister of Industry, Trade and Investment, on Thursday said that the Federal Government was working to create at least five million jobs by 2015. Aganga, who stated this in Ibadan at the opening of the 6th National Council on Industry, Trade and Investment (NCITI-06), said it would be achieved with industrialisation … Continue reading
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