Job Market Monitor
Michel Cournoyer
Malaysia / Women employed or looking for employment under-represented
The number of working age women who are employed or looking for employment is lower in Malaysia compared with other countries with similar income levels, according to a new World Bank report. The report titled “The Malaysia Economic Monitor” noted that Malaysian women are under-represented in certain fields of study such as engineering. “Malaysia has … Continue reading
UK / Net migration falls by a quarter to 183,000
In the biggest drop in four years, net migration, the difference between the numbers arriving and leaving, fell to 183,000 in the year to March, down from 242,000 the previous year, the Office for National Statistics (ONS) said. The number of foreign students coming to the UK was down 8%, the number of foreign workers … Continue reading
Unemployment Insurance / Claims fell below 400,000
SEASONALLY ADJUSTED DATA In the week ending November 24, the advance figure for seasonally adjusted initial claims was 393,000, a decrease of 23,000 from the previous week’s revised figure of 416,000. The 4-week moving average was 405,250, an increase of 7,500 from the previous week’s revised average of 397,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
India IT / Skill gap / Only 2.68% engineers meet the skill requirements
Only 2.68% engineers of the five lakh India produces annually meet the skill requirements of the IT products sector, according to a survey by employability assessment firm Aspiring Minds. The national employability survey on engineering graduates by the firm states that nearly 92% of engineering graduates lack computer programming and algorithms skill required for IT … Continue reading
Canada / Recessions / Many high-seniority workers experienced substantial long-term earnings losses
Most long-term workers who were laid off in the different economic contexts of the early 1990s and the early 2000s managed to find work and earn wages or salaries during the next five consecutive years. However, many experienced earnings losses when they returned to work. The magnitude of losses varied significantly depending on factors such as labour … Continue reading
US / Fiscal Cliff and Unemployment Insurance: four options to extend benefits and their costs
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker’s past earnings. CBO estimates that UI benefits totaled $94 billion in … Continue reading
Canada / Premium on older workers in SME
A large majority of Canadian small- and medium-sized enterprise (SME) owners agree that workers 65 years and older offer more valuable experience and expertise than younger workers, according to new research from Investors Group. According to the Canadian financial firm, 96 per cent of SME owners said retirement-age employees bring more value to the table, … Continue reading
LivingSocial / To lay off 400 in U.S.
LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., … Continue reading
Europe is still not sufficiently skilled writes the European Commission in Pathways towards full employment
“The economic crisis is fuelling a stream of bad news about jobs in Europe.” writes Robert-Jan Smits, Director-General for Research and Innovation, European Commission in the foreword of New skills and jobs in Europe: Pathways towards full employment (Adapted choosen excerpts by Job Market Monitor to follow) People around us are losing their jobs and … Continue reading
France / Over one in ten is out of work, first time in 14 years
The number of unemployed people in France jumped to the highest level for 14 years in October, the French Labour Ministry has announced. Data shows the number of registered job seekers in mainland France rose by 45,400 or 1.5% in October to 3.103 million people, accounting for 10.6% of the population. This is the highest … Continue reading
Canada / Total non-farm payroll employment declined by 52,500
Non-farm payroll employment by sector Total non-farm payroll employment declined by 52,500 from August to September, following six consecutive monthly increases. In September, the number of payroll employees declined in most sectors, with the largest declines in manufacturing; accommodation and food services; administrative and support services; and ‘other services.’ On a year-over-year basis, payroll employment rose by 235,400 (+1.6%), … Continue reading
Job Search / Do references matter ?
When a company requests references with a job application, you might be tempted to skip it, thinking, “Doesn’t my work history speak for itself? Won’t my references all just say good things about me? Do employers even call references?” However, according to a new study from CareerBuilder, employers definitely pay attention to what your references say. … Continue reading
Community Colleges / Job Retraining Programs: Getting back into the workforce
Community colleges have long played a key role as an entryway to better career opportunities for adults in the workforce. But with the job market more competitive than ever and the unemployment rate stubbornly stuck near 8%, community colleges across the country are launching new initiatives that are more aggressive in helping unemployed Americans find … Continue reading
U.S. Chamber of Commerce / Veterans / Our Heroes Program
The U.S. Chamber of Commerce’s National Chamber Foundation announced today the launch of VetNet, a new career resource for veterans, transitioning servicemembers, and military spouses created by the Chamber’s Hiring Our Heroes program, the Institute for Veterans and Military Families at Syracuse University, and Hire Heroes USA. The three organizations are partnering on the new … Continue reading
California / Fiscal Cliff / 400,000 long-term jobless on the edge
The federal budget crisis in Washington known as the “fiscal cliff” has an estimated 400,000 long-term jobless Californians on the edge. A 41/2 -year-old program of emergency federal jobless assistance, which provides many of the state’s unemployed up to $450 a week in benefits, is scheduled to expire Dec. 29 — unless Congress and President … Continue reading
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