Job Market Monitor
Michel Cournoyer
Reshoring in US / A nascent trend ?
Recent days have produced a steady drip, drip, drip of good tidings about new jobs on America’s factory floors. Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it’s a sign of the times, but economists say it’s, at best, a … Continue reading
China / Mass factory layoffs rise to 15-month high
Workers laid off due to factory shutdowns increased to a 15-month high of 141,000 in October, according to government statistics released yesterday. Chinese Personnel Executive Association (CPEA) chief executive Lin Yu-min (林由敏) said retirement benefit inquiries have risen in recent weeks, indicating that more factories have shut down, resulting in mass layoffs. Older workers who … Continue reading
Reshoring in UK / China wage hike spurs trend ?
It moved half its production to China to keep costs down, but eight years later one company is bringing production back to Britain. It’s another example of the backshoring trend that has seen many European manufacturers relocate their business back home. Caldeira is a cushion-making business headquartered in Merseyside, Northern England. Since 2004 it has … Continue reading
Canada / Upturn in youth jobs picture
For months on end, the jobs picture among Canadian youth has been either little improved or deteriorating. That shifted Friday, with a report showing 16,300 new jobs were added for the 15-to-24-year-old crowd last month. That was sufficient to bring their unemployment rate down to 14 per cent from 14.7 per cent in October. Employment … Continue reading
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
Tennessee / Access America Transport’s expansion will bring 550 jobs
The expansion of a Tennessee-based company will bring 550 jobs to the Volunteer State over the next four years. The state and company officials announced on Monday that Access America Transport will expand its Chattanooga and Knoxville facilities, adding 450 additional jobs in Chattanooga and 100 new jobs at the Knoxville facility. I want to … Continue reading
US / Why the unemployment rate used to be low
Why did the U.S. unemployment rate used to be so low? (and why it can be very low again) asked Regis Barnichon and Andrew Figura (Adapted choosen excerpts by Job Market Monitor to follow) Between 1979 and 2000, the unemployment rate displayed a secular decline of about 2 ppt and reached 3.8% in April 2000, its lowest value in … Continue reading
Korea / Motorola / More than 500 jobs cut
Motorola Mobility will close “most” of its South Korean operations by 2013, according to a leaked internal memo. According to the memo (in Korean), the move is part of a continued global restructuring effort by its parent company Google, which bought the smartphone maker earlier this year for $12.5 billion. Since then, however, restructuring costs have … Continue reading
Skills Gap / Vocational Education / Meeting the needs of a specific labour market
The report INTERNATIONAL APPROACHES TO SPECIALISATION IN VOCATIONAL EDUCATION by Charlynne Pullen, Olivia Varley-Winter and Philippa Melaniphy presents “four country studies: Germany, the United States of America, Singapore and Australia” (Adapted choosen excerpts by Job Market Monitor to follow). For the purposes of this report, the definition of specialisation is an instance in which provision of vocational education is focused … Continue reading
Germany / Opel: 3,100 Jobs at Risk
General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
Canada / Immigration / New skilled trades program
Immigration Minister Jason Kenney is set to unveil the details of a new program that should speed the arrival of tradespeople in Canada whose skills are in demand. The program will give more weight to applications from people with skills that are desperately needed in many parts of the country, particularly in the West, according … Continue reading
India / Education: Muslim, Scheduled Castes and the Scheduled Tribes identities have impact on the probability of over education study finds
In their analysis Anirban Mukherjee and Sourabh Bikas Paul Community identity and skill mismatch: A study on Indian labour market “characterize skill mismatch in Indian labor market” and assess “the role of community identity in explaining the existence of skill mismatch measured by the di fference between a laborer’s education level and the educational requirement of a job (s)he is … Continue reading
Latin America: Tremendous social progress – World Bank
Latin America witnessed tremendous social progress during the last decade writes the World Bank in its report The Labor Market Story Behind Latin America’s Transformation (Adapted choosen excerpts by Job Market Monitor to follow). Inequality of (labor and non-labor) income fell substantially, by 5 Gini points on average for 15 LAC countries, and the robust growth that the … Continue reading
Europe / NEET / 7.5 million young people aged 15–24 and an additional 6.5 million young people aged 25–29 were excluded from the labour market and education in Europe
“The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29” writes the European Foundation for the Improvement of Living and Working Conditions in NEETs Young people not in employment, education or training: Characteristics, costs and policy responses in Europe. (Adapted choosen excerpts by Job Market Monitor to follow). Apart from the challenges that young people … Continue reading
US / Democrats want jobless benefits in Fiscal Cliff deal
Hovering in the background of the “fiscal cliff” debate is the prospect of 2 million people losing their unemployment benefits four days after Christmas. “This is the real cliff,” said Sen. Jack Reed, D-R.I. He’s been leading the effort to include another extension of benefits for the long-term unemployed in any deal to avert looming … Continue reading
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