Job Market Monitor
Michel Cournoyer
UK / Vocational and Technical Education / ‘Tech Bacc’ aims to boost status
Plans to raise the status of vocational courses in sixth forms and colleges in England have been announced. A “technical baccalaureate” is to be introduced showing young people’s abilities in maths, literacy and a high level vocational qualification. This will be a performance measure for schools and evidence of credible skills for students to show … Continue reading
Emerging Markets vs Advanced Economies Economic Growth
In recent years poor countries have enjoyed impressive improvements in GDP per person. But in the rich world they have hardly grown at all. Watch video @: via Global Economic Growth: Emerging Markets vs Advanced Economies | The Big Picture.
Vietnam / Minimum wage needs to be increased
For decades Vietnam has failed to set a minimum wage that provides enough for people to live on, officials said at a meeting Friday. Vietnam’s minimum wage only meets between 50 and 70 percent of the cost of people’s basic needs, officials said at the conference held by the National Assembly’s Social Issues Committee to … Continue reading
Western Australia / Skilled overseas workers still needed
The resources sector in Western Australia is moving from a construction to operational phase but high levels of new workers are still needed this year and next, including skilled workers from overseas, a new report has found. According to the 2013 State Growth Outlook Study from The Chamber of Minerals and Energy of Western Australia, … Continue reading
Shanghai / Expected job growth making it a the new global financial centre
City workers’ expectations of job growth in London are weakening as it appears Shanghai is becoming the new global financial centre. According to research by Astbury Marsden, 73 per cent of bankers are expecting most new banking jobs to be created in South East Asia with Shanghai seeing the biggest jump in opportunities. Only 11 … Continue reading
US / The Job Gap and the Skills Gap
We’d be serving the present and the future. Here’s one example how: Today states are slashing budgets for community colleges, just when every good job requires more skill. That is truly cutting off our thumbs to lose weight. Last week, I interviewed Gary Green, the president of Forsyth Technical Community College, in Winston-Salem, N.C., with … Continue reading
US / We are creating a permanent class of jobless Americans writes Krugman
There is, unfortunately, growing evidence that the tainting of the long-term unemployed is happening as we speak. One piece of evidence comes from the relationship between job openings and unemployment. Normally these two numbers move inversely: the more job openings, the fewer Americans out of work. And this traditional relationship remains true if we look … Continue reading
Declining advantages for U.S. companies from offshoring
Three economic and financial experts forecast an improvement in U.S. employment as the continuing globalization of national economies continues to lift overseas wages, blunting the advantages U.S. companies derive from offshoring. Bob Baur, chief global economist of Principal Global Investors, Jim McCaughan, chief executive officer of Principal Global Investors, and Drake University law professor Hunter … Continue reading
Canada’s skilled-worker program / The list of jobs eligible unveiled
Foreign engineers, computer programmers and physiotherapists are among those who will qualify for a revamped federal skilled-worker program when it re-opens next month. Citizenship and Immigration Canada has released its eligible occupations list and named four organizations that will assess the credentials of applicants who studied outside of Canada. These assessments are now mandatory and … Continue reading
IBM / More than 1,200 layoffs
Big Blue is reportedly prepping for layoffs. But will IBM cuts hit Research Triangle Park? Job cuts of between 1,200-1,400 employees are expected over two years in France. There is no word on whether other areas will be impacted. IBM is thought to employ 10,000 in RTP, but they have not disclosed a local headcount … Continue reading
Boeing / To lay off 1,700 and as many as 700 engineers
The Boeing Co. will reduce its engineering workforce by as many as 1,700 people by the end of the year, with 700 engineers facing layoffs, the Everett Herald reported. As many as 100 engineers will receive 60-day layoff notices on Friday, the Herald reported. Mike Delaney, the vice president of engineering for Boeing, told the … Continue reading
Canadians Now More Affluent Than Americans
They’ve been known to get pretty excited when a new, big-name discount retailer comes to town, but thanks to a booming housing sector, Canadians are more affluent than their American neighbors. At least for the moment, that is. Chosen excerpts by Job Market Monitor via Canadians Now More Affluent Than Americans – Real Time Economics … Continue reading
Sequester / The End Long-Term Unemployment Benefits In 11 States
States are having such a hard time implementing congressional cuts to long-term unemployment insurance that some workforce agencies might just cancel the benefits altogether. The federal budget cuts known as sequestration require states to trim federal benefits known as Emergency Unemployment Compensation by roughly 10 percent. But what would seem like a simple administrative procedure … Continue reading
Euro Zone / Rehn promises less austerity
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli Rehn has said. Mr Rehn’s comments are being viewed by some as an admission that fiscal adjustments linked to the troika programmes in Europe are having a greater-than-expected impact on growth. Chosen excerpts by Job … Continue reading
BLS ‘understates the unemployment rate’ says Obama’s Labor nominee
Thomas Perez, President Obama’s nominee to lead the Labor Department, told Congress today that the Bureau of Labor Statistics is “understat[ing]” the national unemployment rate. “The labor force participation is at one of the lowest levels,” Perez told Sen. Bernie Sanders, I-Vt., during his confirmation hearing today, adding that “7.6 percent doesn’t take into account … Continue reading
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