Job Market Monitor
Michel Cournoyer
Canada/ Employment rose by 59,000 and unemployment rate declined to to 5-month low 7.2%
Following little change in October, employment rose by 59,000 in November, the result of an increase in full-time work. The unemployment rate declined 0.2 percentage points to 7.2%. Chart 1 Employment Compared with 12 months earlier, employment increased 1.7% or 294,000, mostly in full-time work. Over the same period, the total number of hours worked rose 1.3%. In November, employment increased in Ontario, Quebec, Alberta, Manitoba and … Continue reading
UK / Remploy closures / More disabled workers losing jobs
Hundreds more disabled workers at Remploy factories are at risk of losing their jobs under fresh closure plans, the Government announced today. A further 875 employees, including 682 disabled people, have been told they face compulsory redundancy. Ministers announced earlier this year that a number of Remploy factories would close, arguing that the budget for disabled employment … Continue reading
Skills Gap a myth, employers are simply using the wrong hiring criteria
At this writing, the unemployment rate in the United States is 7.9%, yet, according to Manpower, one out of every two U.S. employers is struggling to fill mission-critical jobs. How can that be? In my view, based on my company’s work with more than 28,000 businesses around the world and our assessment of over 3.5 … Continue reading
US / 40 percent of Fortune 500 companies were founded by immigrants
Immigrant entrepreneurs are doing great things in America today. Lebanese born Dr. Charles Elachi is the Director of NASA’s Jet Propulsion Laboratory and his team just sent a rover to Mars. Russian born Sergey Brin is the co-founder of Google. In fact, a 2011 study found that 40 percent of Fortune 500 companies were founded … Continue reading
Workers with no benefit, less-educated struggling and the rich disconnected
“The U.S. economy is still a powerful engine, but workers aren’t seeing the benefits, less-educated men are struggling, and the rich have disconnected from everyone else” writes Jonathan Rauch. (Choosen excerpts by Job Market Monitor to follow) If the American economy were an automobile, you would say the transmission is failing. The engine works, but not all … Continue reading
Reshoring / Apple to return some Mac production in US
Apple Inc is planning to bring back some of its production of Mac computers to the United States from China next year, Chief Executive Tim Cook said, according to a report published Thursday. The company will spend more than $100 million to build the computers in the United States, Cook was cited as saying in … Continue reading
Skills Gap / SMEs are not confident enough right now to make big investments in training
“We’ve been able to find the types of people that we want as long we are willing to invest in them to bring them to the level of skill that we need,” says Tammy Krings who has something of a happy problem for her growing, Columbus, Ohio-based global travel business, TS24… Millions of small- and medium-sized employers, … Continue reading
1.3 Million Greece / Unemployment Rate 26%, Youth 56%
Every month unemployment in Greece breaks a new record! According dat released by Greek Statistics Authority (ELSTAT) for September 2012: unemployment reached 26%, while the data for youth 15-24 years old skyrocketed to 56% – despite the lowering of the minimum wage for this age group down to 510 euro gross per month. Officially, at … Continue reading
U.S. Unadjusted Unemployment Shoots Back Up find Gallup one day ahead of the jobs report
In light of the figures on unemployment claims coming out since four weeks, this is not surprising. Tomorrow’s report should not be better.(1) *-* U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a … Continue reading
UK / Army / Redundancies and cuts ‘hurting’ forces personnel
The Government has been warned that service personnel are “hurting” because of redundancies and cuts as further details of a scheme to boost support for the armed forces were revealed. Defence Minister Andrew Robathan announced that more than £423,000 had been allocated to 13 bids in England for local projects funded through the community covenant … Continue reading
The Different Paths of Greece and Spain to High Unemployment | The Big Picture
In 2007, Spain and Greece had lower unemployment rates than the euro area as a whole. In their article, Thomas Klitgaard and Ayşegül Şahin “show that while the unemployment rates in the two countries are similar today, the paths have been very different.” (Choosen excerpts by Job Market Monitor to follow) The employment decline in Greece, like … Continue reading
Finance / 300,000 jobs gone in the past two years, more than half a million in four years
Wall Street’s cost cuts and dismissals, which have helped erase more than 300,000 financial- industry jobs in the past two years, are far from over. Citigroup Inc. (C)’s announcement yesterday of plans to eliminate 11,000 positions in units spanning equities trading to consumer banking is the latest sign of strain from a market slowdown, stiffer … Continue reading
Indonesia / Large-scale labor rally for minimum wage increase in Medan
A large-scale labor rally in Medan forced dozens of companies to suspend operations on Thursday, with the firms’ workers following the lead of their Jakarta counterparts by demanding a significant minimum wage increase. Thousands of workers from Medan and surrounding areas continued their rally for a second day on Thursday, after their Wednesday protest caused … Continue reading
Unemployment Insurance / Claims fell last week with Sandy effect subsides
SEASONALLY ADJUSTED DATA In the week ending December 1, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 25,000 from the previous week’s revised figure of 395,000. The 4-week moving average was 408,000, an increase of 2,250 from the previous week’s revised average of 405,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading
Gender Gap / Equal Education but Unequal Pay / Infographics from LearnStuff
Check out the infographic below to see the gender wage gap affects. via Equal Education Unequal Pay | LearnStuff.
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