Job Market Monitor
Michel Cournoyer
Singapore | Working age population to contract by over 330,000
“The world’s working-age population will increase by over a billion people over the next 20 years, but all growth will come in developing economies while at the same time the developed world will see its workforce shrink and age. In Singapore, the working age population will fall by 338,000 people by 2030.” writes Chris Mead … Continue reading
Graduates | Take Care About Job Scams
The job market has stayed pretty tight since the 2008 financial crisis (particularly for those without an advanced degree), and many people are so hard up they’re eager to believe in whatever opportunities come along, even if they smell a little fishy. This is a mistake. It’s not just that you could end up working … Continue reading
Sandy | Disaster Unemployment Assistance extended for NJ residents
Governor Chris Christie and the U. S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that New Jersey residents in all 21 counties will have until Feb. 4, 2013 to apply for coverage under the federal Disaster Unemployment Assistance program as a result of damages caused by Hurricane Sandy. The order establishes … Continue reading
OECD | Balance of economic power to shift dramatically over the next half century: China Will Overgrow United States
The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a new OECD report. Divergent long-term growth patterns lead to radical shifts in the relative size of economies. The United States is expected to cede its … Continue reading
Talent War | Canada needs to get competitive says Harper
Stephen Harper believes a global demographic shift is under way, one that will force developed nations such as Canada into a furious competition for talented immigrants in the years ahead. In some of his most expansive comments on the topic, the Prime Minister outlined the rationale behind his government’s fundamental overhaul of the country’s system … Continue reading
India | Will it be able to create enough jobs?
550 million Indians are 25 years and below, all ready or getting ready to join the workforce. But is India creating enough jobs? Is our education system and industry geared for the demographic explosion, which if not channeled right, could become a demographic disaster. Experts Sudhakar Balakrishnan, MD and CEO at Adecco India, Sanjay Pandit, … Continue reading
TMX | To cut 100 jobs
TMX Group Ltd. plans to cut 100 jobs over the next 12 months as part of its integration of a clearing house and rival exchange it acquired as part of a takeover by a group of Canadian financial services players. The stock exchange operator’s president and chief executive, Thomas Kloet, announced the job cuts on … Continue reading
Apprenticeship | Skills Gap in Advanced Manufacturing
Too many American workers lack the specialized skills needed to secure a job, but they can’t gain those skills without a job. This catch-22 has enveloped American employers and job seekers. Even though the unemployment rate stood at 7.8 percent in September, about 600,000 jobs remain unfilled “due to a lack of qualified candidates,” according … Continue reading
Immigration | Fiscal Burden | Canada : Recent immigrants cost an estimate of $16.3G to $23.6G annually
“Canada’s immigrant selection process needs to be revamped to focus on admitting people with Canadian job offers and skills needed by employers, recommends a new report released today by the Fraser Institute, Canada’s leading public policy think-tank.” This is what says the Press Release on Patrick Grady and Herbert Grubel’s Immigration and the Canadian Welfare … Continue reading
US | Fiscal Cliff | 2 million jobless Americans could lose UI
Congress last lengthened the deadline to file for benefits in February, but lawmakers also restructured the program at the time. The maximum number of weeks the jobless can collect unemployment benefits was reduced to 73 weeks. And in all states save New York, the jobless are no longer eligible for a separate federal extended benefits … Continue reading
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading
US | Job Gap is 9 million
The labor market has added nearly 5 million jobs since the post-Great Recession low in Feb. 2010. Because of the historic job loss of the Great Recession, however, the labor market still has 3.8 million fewer jobs than it had before the recession began in Dec. 2007. Furthermore, because the potential labor force grows as … Continue reading
Norway | Oil and oil-service companies ‘racist’ ?
A leading Norwegian headhunter who recruits engineers and other skilled workers for Norwegian oil and oil-service companies says he’s encountered a “shocking” degree of what he calls blatant “racism” among prospective Norwegian employers. Even those in dire need of engineers and other specialists routinely turn down top foreign job candidates. They want Norwegians instead. A … Continue reading
LGBT Leaders | What Obama Must Do Next
Barack Obama’s win of a second term was achieved not in spite of his support of the LGBT community but in part because of it. The question now is what President Obama should do next in his second term to move the civil rights of people in our community “forward.” I asked 10 of America’s … Continue reading
Taiwan | Skilled worker residency restrictions revised
The Executive Yuan yesterday passed an amendment draft to the Immigration Act, thereby revising certain residency restrictions for skilled foreign workers. The amendment also canceled the age limitation for Taiwanese who were born overseas to apply for household registration in Taiwan, in the hopes of attracting more Taiwanese to come back and contribute to the … Continue reading
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