Job Market Monitor
Michel Cournoyer
Canada / RBC and job outsourcing, what can be done?
We have a skilled work force whose children are training to be equally skilled. Yet as fast as we graduate people capable of doing valuable and productive jobs, those jobs disappear. Some are simply degraded. These are the full-time jobs transformed into fragile and part-time contract employment. Some, including many that are highly skilled, are … Continue reading
Aviva / To axe 2,000 jobs
Insurance giant Aviva is planning to axe around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans. The Norwich-based insurance group also announced that from next year, redundancy pay in the UK will be halved from four weeks per year of service to two. Aviva said the job reductions were part of … Continue reading
Namibia / Govt working on a new National Employment Policy
The Ministry of Labour and Social Welfare is working with a multi-sectoral taskforce to develop a new National Employment Policy. The new policy will place special emphasis on ‘green jobs’ and how to link these with other elements for employment creation. “A Green Economy is an area where economic growth and employment creation is possible … Continue reading
India / Unskilled, unemployed and angry
India’s key to future success — its youth — is a ticking time bomb. It is a growing mass of largely undernourished, undereducated, unemployable young people who aspire for a better life but don’t have the means to get there. Why? Because they aren’t qualified for the job market, and even if they are, jobs … Continue reading
Canada / Ottawa rushes to reform foreign-worker program
Faced with continuing criticisms that foreigners are taking jobs away from Canadians, the Conservative government is rushing to make reforms to the Temporary Foreign Worker Program, with officials working to include changes in the upcoming budget bill. However the government’s new-found sense of urgency – which was clearly expressed last week by Prime Minister Stephen … Continue reading
More layoffs at Electronic Arts
Electronic Arts has cut more jobs, with the latest layoffs taking place at EA Hyderabad (India) and social game studio Playfish (London). MCV India reports that 50 jobs were cut at EA’s mobile studio in India. The company acknowledged that layoffs took place, but declined to give any further official details. As for Playfish, Develop … Continue reading
Job Search Basics
Q. I am interested in finding work in Boston and was wondering what jobs you would suggest I look for as an English undergraduate with limited job experience. I am currently unemployed and looking to move to the Greater Boston area with an easy commute. Please get back to me as soon as possible. A. … Continue reading
Using Social Media In Your Job Search
Social media is a key player in the job search process today. Sites like Facebook, Twitter, LinkedIn, and Google+ allow employers to get a glimpse of who you are outside the confines of a résumé, cover letter, or interview—while they offer job seekers the opportunity to learn about companies they’re interested in; connect with current … Continue reading
Europe / Auto Market contracted in March
European new car sales contracted in March for an 18th consecutive month, industry data showed Wednesday, led by declines in Germany and France. New vehicle registrations in the European Union fell 10.2 percent in March from a year earlier, the European Automobile Manufacturers’ Association reported from Brussels, to 1.3 million vehicles from about 1.5 million … Continue reading
UK / Unemployment rises to 2.56 million
UK unemployment rose by 70,000 to 2.56 million between December and February, the Office for National Statistics (ONS) has said. It pushed the unemployment rate to 7.9%, raising further questions about the UK’s economic strength. The number of people in employment also fell, while earnings growth slowed considerably, according to ONS data. But there was … Continue reading
US / Jobs could come back if America could change its trade position says Harvard’s Lawrence
Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School. Investors often focus on micro issues. They hone in on what … Continue reading
Unemployment has been a much bigger problem than inflation for ordinary people research finds
“Previous literature has found that both unemployment and inflation lower happiness” write David G. Blanchflower, David N.F. Bell, Alberto Montagnoli and Mirko Moro in The effects of macroeconomic shocks on well-being (Adapted chosen excerpts by Job Market Monitor to follow). The macroeconomist Arthur Okun characterised the negative effects of unemployment and inflation by the misery index – the sum of the … Continue reading
Ontario / The underground economy is stealing jobs
Some of those jobs London so badly needs, with the highest big-city jobless rate in the country, can be found underground. No, not in the dirt but in the underground economy. Hidden from number counters, the taxman and competing with businesses that pay their taxes and might even hire more people if business were better, … Continue reading
It is Time to Upgrade America’s Miserly Minimum Wage writes Ralph Nader
America’s highest-paid CEO last year, John Hammergren of McKesson Corp. received compensation of over $131 million. That is the equivalent of about $63,000 per hour, or $10,000 more than the annual median household income in the United States. Meanwhile, some of this country’s lowest-paid workers—those on minimum wage—made just $15,080 annually at $7.25 per hour. … Continue reading
China / 38.9 percent of working women dissatisfied with salaries
The Chinese Career Women Survey Report recently released by Career International－a leading one-stop recruitment solution provider in Asia, shows that 38.9 percent of working women surveyed are unhappy about their last pay rise and 59.9 percent intend to change jobs. Career International conducted a questionnaire survey on 1,700 people in February 2013, with women, mostly … Continue reading
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