Job Market Monitor
Michel Cournoyer
US / Census Bureau / New poverty measure, higher than the official measure, at 16.1 percent
Officially, the U.S. poverty rate in 2011 was 15 percent exactly, a 0.1 point reduction from 2010. But as I pointed out when that number was released in September, that figure doesn’t mean a whole lot. The official poverty threshold is the amount of money a family of three would have to make to spend … Continue reading
Arab Youth / Lack of soft skills robs of jobs experts say
The gap between what young people are taught and what potential employers require is fuelling regional youth unemployment. About 20 per cent of the most educated in the UAE population have no jobs, and in some countries such as Saudi Arabia the figure is double that. “When we talk about the readiness of graduates for … Continue reading
Facebook Jobs Tool / A Lame New App writes Business Insider
Facebook has launched a so-called “social jobs app.” In theory that sounds like something that should threaten LinkedIn, which does a big business off of recruiting. In reality, LinkedIn has absolutely nothing to worry about it, and any investor thinking about selling LinkedIn based on this news should take a second to examine the product … Continue reading
Texas Instruments / To cut 1,700 jobs
Texas Instruments is eliminating 1,700 jobs or almost 5 percent of its global workforce to cut costs in its wireless business as it moves away from making smartphone application chips, sending its shares up almost one percent in late trade. The Dallas, Texas based chipmaker had said in September that it would halt costly investments … Continue reading
Global Economic Crisis / More than 70 per cent of workers lack unemployment insurance
The recent global economic crisis has served as a stark reminder of why unemployment insurance matters. But the reality is that fewer than half of almost 200 countries monitored by the ILO offer such protection. More than 70 per cent of workers worldwide have no statutory access to unemployment insurance or any type of unemployment … Continue reading
Skills Gap / No Big Deal writes Businessweek
The much talked-about “skills gap” in the U.S. is more limited than many people think and shouldn’t prevent, or even stall, the U.S. manufacturing renaissance, at least for a while. More severe shortages are likely to develop, however. We need to take steps now to prevent them and make sure that enough new talent enters … Continue reading
Sweden / Layoffs double
Redundancies in Sweden are on the rise, with a fresh report showing that twice as many workers were laid off in October compared to the same month last year, making for a labour market climate similar to that of 2009. Some 10,300 people were made redundant in October, according to fresh figures from the Swedish … Continue reading
Egypt / New EU support for job creation and vocational training for young people
The European Commission has approved new programmes for Egypt, to support job creation for unskilled workers, and to enhance the efficiency of the Technical and Vocational Education Training (TVET) system to better respond to the demands of the labour market and to the country’s new socio-economic needs. The new support for job creation will provide … Continue reading
UK / Department for Education cuts 1,000 jobs
About 1,000 jobs at the Department for Education (DfE) – a quarter of its total workforce – are being cut in an efficiency drive. Civil servants losing their jobs will be made redundant within two years, as the DfE focuses on priority work. The DfE was making administrative cuts of 42% by 2014-15 – but … Continue reading
Latin America / The middle class grew 50% in the past decade (video)
. . In the past decade, the middle class in Latin America grew 50%, and now represents 30% of the population. According to the experts, this growth is due to growth and job creation To maintain these gains, the region needs to enact policy reforms within the employment, tax and social security sectors. Ful Report … Continue reading
How Education Matter – Infographics
. . Source: DOES GENERAL EDUCATION MATTER?
Workplace appraisals: tick boxes
UK employees are not seeing any benefit from appraising their own performance according to research published today by recruitment consultancy Badenoch and Clark. The research claims that appraisals, if not carried out effectively, could become a tick-box exercise that wastes time for organisations and fails to contribute towards real career development for employees. HR director … Continue reading
Greece / Economy shrinks further: Bad news for jobs
The Greek economy shrank 7.2% in the third quarter compared with the same period a year earlier, statistics agency Elstat has said. That was a deeper contraction than the 6.3% fall seen in the second quarter. Greece has been in recession since late 2008 and has been granted two bailouts from the European Union and … Continue reading
4-Day Workweek / Employees Love It, But Businesses ?
Business owners, do your employees work a four-day workweek? If you answered no, you’re not alone. The business world has evolved in many ways over the past few decades (for proof, just watch any episode of Mad Men), but one tenet of common corporate practice has held true: most workers still punch their digital time … Continue reading
UK / Unemployment rate at 7.8 per cent and employment up 100,000
The employment rate for those aged from 16 to 64 for July to September 2012 was 71.2 per cent, up 0.2 from April to June 2012. There were 29.58 million people in employment aged 16 and over, up 100,000 from April to June 2012. The unemployment rate for July to September 2012 was 7.8 per cent of the … Continue reading
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