Job Market Monitor
Michel Cournoyer
US / Historians / Jobs Rose Last Year
The number of academic-job openings in history increased by 18 percent in 2011-12, but the competition for such positions is steep as the number of new Ph.D. recipients continues to outstrip the number of available jobs, according to a new report by the American Historical Association. The report was published on Wednesday in the association’s … Continue reading
Indonesia / Layoffs in Drop ?
Cases of layoffs in Indonesia dropped nearly 60 percent in 2012 from a year earlier, pointing to improved businesses and labor relationships, said the Minister of Manpower and Transmigration. Minister Muhaimin Iskandar said last year there were 1,916 cases of layoffs involving 7,465 workers — a significant decrease from the 3,875 cases of layoffs involving … Continue reading
Thailand / Minimum Wage / Smaller industries soon to be shaken says Federation of Thai Industries
Five to ten per cent of Thailand’s labour intensive businesses, unable to tolerate the new Bt300 daily minimum wage, will close down in the first quarter of this year, Federation of Thai Industries’ vice chairman Taweekit Chaturacharoenkhun predicted on Wednesday. He said labour intensive small and medium-sized enterprises, particularly in the textile, service and agricultural … Continue reading
US / 2013 job market for College graduates, construction workers and Government workers
Amid another blah year, a few workers that bore the brunt of the Great Recession stand to gain in 2013. Here are three: College graduates Congrats class of 2013! You have a better chance landing your dream job than the poor grads before you working as baristas. The years following the Great Recession hit workers … Continue reading
Germany 2012: Record number of jobs and unemployment down
THE number of people in Germany who have a job rose to a record high last year, even though growth momentum is slowing as the eurozone debt crisis hits the German labour market. The number of people in work in Germany increased by 416,000 or 1.0 per cent to an annual average 41.5 million last … Continue reading
Oman / Government to create 20,000 jobs
Oman will continue spending heavily on job creation for its citizens this year, Finance Minister Darwish al-Balushi said on Wednesday at a news conference on the 2013 budget. “Last year we created 36,000 jobs for Omanis by spending 300 million rials ($780 million),” he said. “This year we will create 56,000 jobs, of which 20,000 … Continue reading
US / The Rising Age Gap: The Old vs the Young
Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century, according to a new Pew Research Center analysis of a wide array of government data. In 2009, households headed by adults ages 65 and older possessed 42% more … Continue reading
Young Americans want Congress to focus on jobs, education and ensuring that Social Security
Today’s 20-somethings are the first generation, as a whole, to face downward economic mobility compared to their parents’ generation, according to a new report from national policy center Demos and youth advocacy organization Young Invincibles. The report, entitled “The State of Young America,” details how the Great Recession has intensified the impact of thirty years … Continue reading
Employability / Top 10 Skills and more
University of Kent, based on a number of surveys on the skills required by graduates undertaken by Microsoft, Target Jobs, the BBC, Prospects, NACE and AGR and other organisations, has produced a summary of the skills which were most often deemed important.has. Each element are clikable so you get more details on the skill. For … Continue reading
Detroit / Another 500 layoffs looming for Detroit employees in February
Some 2,000 pink slips have already gone out in the last few years. And now, another 500 cuts are scheduled for February. It’s already worrying union leaders like Leamon Wilson. The president of the AFSCME Local 312 told the Detroit News that more cuts could cripple the city’s bus service. “You can’t deliver the service…It … Continue reading
Malaysia / Hiring Bangladeshi migrants to start from January 13
Malaysia has resumed recruiting Bangladeshi migrant workers after a four-year pause, an official said Tuesday, in a move easing Dhaka’s remittance worries after the jobs market in the Middle East dried up. The Bangladesh government on Monday announced that an online registration process for those seeking work in Malaysia would start from January 13, following … Continue reading
India / Factory Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey – The Economic Times
The number of jobs in industries increased by 7.8 per cent while wages rose by 18.1 per cent in real terms in 2010-11, a government survey has said. Total persons engaged in different industries were 1.27 crore in 2010-11 compared to 1.17 crore in 2009-10, according to the Annual Industries Survey released by the Ministry … Continue reading
US / Top Miminum Wage will rise by 1.2 Big Mac per week to $10.55
The highest minimum wage in the nation is set to rise again in 2013, as San Francisco’s low-end compensation rate will increase from $10.24 to $10.55 per hour. In 2003, voters approved a local ordinance tying the minimum wage to the regional rate of inflation in San Francisco, Oakland and San Jose. Set at $8.50 … Continue reading
Fiscal Cliff / A Reminder
What is causing all the sturm und drang? Is this really a Mayan apocalypse of expiring tax breaks and sequestered spending cuts. Hardly — here is what we are discussing, in terms so simple even a congressman could understand it: • Bush tax cuts expire; tax rates revert to Clinton-era levels. Recall this was originally designed to get rid … Continue reading
Public Debt / The situation has been far worse after WWII
Figure 1 provides a broad historical perspective of debt developments in advanced, emerging, and low-income economies. Debt levels in advanced economies (now the G20) averaged 55% of GDP over 1880–2009, with a number of peaks and troughs that correspond with key historical events along the way. – During the first era of financial globalisation (1880–1913), … Continue reading
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