Job Market Monitor
Michel Cournoyer
China – Job creation, a major problem
The factories that have powered China’s economic miracle are reeling from the global slowdown, presenting the incoming leadership in Beijing with a restless workforce at a defining moment in the country’s growth story. In the sprawling Foxconn factory in the industrial hub of Shenzen, where 500,000 people churn out electronics for Apple and others, the … Continue reading
Ireland – McDonald’s to create 700 new jobs
Fast food giant McDonald’s is to create 700 jobs across the country over the next three years. The organisation announced plans for a 20 million euro investment in its Irish operations between now and the end of 2015, which will include the opening of 12 new restaurants. Junior minister for jobs John Perry welcomed the … Continue reading
Ryanair promises hundreds of jobs
Ryanair has said an increase in its flights to and from East Midlands airport could create up to 460 jobs. The budget airline announced yesterday it will be adding new services to Marseille and Menorca from the Castle Donington airport, and expanding 17 of its existing 38 routes which already fly from there… via Airline … Continue reading
US – Productivity increases modestly
Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly. Productivity, which measures hourly output per worker, increased at a 1.9 percent annual rate, the Labor Department said on Thursday. Many economists would read a drop in productivity as a sign that … Continue reading
US – October factory activity falls to 37-month low
Manufacturing grew in October at its slowest pace in more than three years and appeared likely to act as a drag on overall growth in the final months of 2012, an industry survey showed on Thursday. Financial information firm Markit said its U.S. Manufacturing Purchasing Managers Index fell to 51.0 this month, below a preliminary … Continue reading
US – Unemployment Claims : Still An Uncertain Job Market Outlook with a a decrease of 9,000
SEASONALLY ADJUSTED DATA In the week ending October 27, the advance figure for seasonally adjusted initial claims was 363,000, a decrease of 9,000 from the previous week’s revised figure of 372,000. The 4-week moving average was 367,250, a decrease of 1,500 from the previous week’s revised average of 368,750. The advance seasonally adjusted insured unemployment … Continue reading
OECD – Internet accounts for 5.7 percent of jobs in member nations
The ICT sector and the crisis The global economic crisis immediately had a strong negative impact on innovation worldwide . Total OECD-area business expenditure on research and development (R&D) declined by a record 4.5% in 2009; it declined across all major OECD R&D spenders except Korea and France. In 2010 the recovery that occurred in some countries did … Continue reading
South Africa – Lonmin job cuts could bring more unrest
Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production and led it … Continue reading
Canada – Apprenticeship – Vocational Education in the Age of a Global Workforce
With collision repair facilities often turning to overseas recruitment, a knowledge of the situation as it exists is more important than ever before. The latest issue of the Canadian Apprenticeship Journal provides timely insights into international apprenticeship training systems. “Vocational Education in the Age of a Global Workforce” brings together foreign authors from low- and … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
Sandy – Can a disaster leads to economic growth
The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our economy will be minor and ultimately positive, as rebuilding boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it on corporate TV and reading it in the corporate newspapers. There are stories in the press that … Continue reading
Europe Youth Unemployment and the EU Youth Strategy
Youth unemployment is rising steadily in the EU as the economic crisis in Europe deepens. The latest data reveals an EU-wide youth unemployment rate of 22.8 percent, up from 21.7 percent a year ago as those under 25 continue to lose their jobs to the economic slowdown… Click here to see each country’s unemployment stats … Continue reading
US – New federal and state laws have sharply eroded incentives for workers to seek and retain jobs, and for employers to create jobs or avoid layoffs writes Casey B. Mulligan
In his new book, Casey B. Mulligan explains how, in the matter of a few quarters of 2008 and 2009, new federal and state laws greatly enhanced the help given to the poor and unemployed – from expansion of food-stamp eligibility to enlargement of food-stamp benefits to payment of unemployment bonuses – sharply eroding (and, in some … Continue reading
US – Sandy Reveals Hideous Inequalities
A hotel bellman said he was worried about his mother uptown. A maid said she had been calling her family in Queens. A garage attendant said he hadn’t been able to contact his only relative – a sister in New Jersey – since the storm hit. Asked where he weathered the hurricane, his answer was … Continue reading
US – Benefits of High-Skilled Immigrants
The technology journalist Robert X Cringley has an article criticizing H1-B visas that I think is worth offering a rebuttal to. In contrast to pro-immigration voices that is often associated with Silicon Valley, this piece reflects the anti-immigration sentiment that I think reflects the same old protectionism we see in many other places in this … Continue reading
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Job Market Monitor 