Job Market Monitor
Michel Cournoyer
China / 31.2 million high-skilled workers, 4.9 million more than at the end of 2009
China’s high-skilled workers reached 31.2 million as of the end of 2011, 4.9 million more than at the end of 2009, according to official data released on Saturday. High-skilled workers accounted for 26.2 percent of China’s 119 million skilled workforce as of the end of 2011, up 1.5 percentage points from the end of 2009, … Continue reading
Layoffs / Ten global companies cut 100,000 jobs in 2012
With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup. While these companies come from a wide array of businesses, the reason behind layoffs has mostly been cost-cutting efforts in … Continue reading
UK / Youth Work Experience Scheme / Kids need to be given real jobs
T’S easy to start believing it. It’s easy to start believing it even when it’s George Osborne saying it. Easy to start believing that everyone on benefits is a workshy scrounger when the rest of us are skint and wondering how our wages will stretch to payday never mind Christmas. It’s easy to start believing … Continue reading
(UPDATE) US / Unemployment Rate Falls to Four-Year Low / Sandy: no substantively impact the job market
Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care. Household Survey Data The unemployment rate edged down to 7.7 percent in November. The number of unemployed … Continue reading
Canada / Mandarin: a requirement for jobs at B.C. mine
A mining company under scrutiny over its plan to bring 201 Chinese miners to a proposed project in northern British Columbia listed Mandarin as a language requirement when it applied for temporary foreign worker permits, newly released documents reveal. The Federal Court released a package of documents Friday linked to HD Mining’s proposed Murray River … Continue reading
Looking For a Job in China ? Procedure for Employment in Beijing
Procedure for Employment in Beijing Employment of foreigners in Beijing refers those who have not obtained the right of permanent residence and who work and receive remunerations for their work in accordance with law within the Chinese territory. Those foreigners who have not obtained residence permits (holders of F, L, C and G visas), and … Continue reading
Newsweek Layoffs Coming / A bloodbath says a source
A source calls the layoffs “a bloodbath” and estimates that half the editorial staff will be gone. Newsweek’s print edition is ending in a matter of weeks, and the anticipated staff changes have already begun. Layoffs are expected to be announced this afternoon, a tipster tells us. Meanwhile, we hear that a few editors are proactively … Continue reading
Oscar maker plans layoffs
The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees as it’s bought by a Canadian firm. But some workers could be rehired. R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. … Continue reading
US / Offshoring / About 663,000 large-company service jobs heading offshore
Service companies have been sending jobs abroad in large numbers the past decade to cut labor costs — a trend that accelerated in the recession and is expected to continue the next few years before slowing after 2016. About 663,000 large-company jobs in information technology, human resources, finance and purchasing — the category that includes … Continue reading
US: Workers share of national income at its lowest level since 1959 while Corporate Profits are at record level
Workers share of national income is at its lowest level 1959 and is plunging. On the other hand, the share of corporate profits is at a record level. Source: Job Market Monitor with FRED Graph / St-Louis Fed’
Fiat / To slash 1,500 jobs in Poland
Italian carmaker Fiat said Friday it would slash 1,500 jobs in a plant in Poland due to falling demand for small cars in the European market. Output in Tychy, southern Poland, was projected to fall below 300,000 vehicles next year, down from 600,000 in 2009, Fiat said in a statement. The company summoned Polish unions … Continue reading
Kenya / Corruption Costs 250,000 Jobs – New World Bank Report
Corruption accounts for loss of resources enough to create 250,000 jobs in Kenya annually, the World Bank has said. In its latest economic update titled ‘Kenya at Work’, the report says an enterprise survey found out that firms pay up to 12 per cent of value of government contracts to win them and four per … Continue reading
From Jail to Skilled Workers Through Apprenticeship
Three years back, Bush sat in the state women’s prison in Purdy, finishing seven and a half years for an armed-robbery conviction. The former addict dropped out of school in seventh grade–“Me and school, we never saw eye to eye,” she says–was convicted of her first felony at 13, had a child at 15, and … Continue reading
The unemployment rate would slowly increase over the coming months – Brookings
“The November employment report showed unexpected declines in both the unemployment rate and in the labor force participation. A stock-flow analysis of the latest report shows that the labor market continues to show many signs of weakness, with no improvements in workers’ job finding rates and a stubbornly elevated rate of job separation. In fact, … Continue reading
Canada / Labour productivity fell 0.5% in the third quarter
The labour productivity of Canadian businesses fell 0.5% in the third quarter, following a 0.6% decline the previous quarter. It was the second consecutive decrease after three quarterly gains. Chart 1 Productivity in Canadian businesses declines once more The decline in productivity in the third quarter took place in a context where business output remained at the same level … Continue reading
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