Job Market Monitor
Michel Cournoyer
US – Are more jobs coming back?
After years of jobs moving overseas by the million, some are trickling back. China’s largest PC manufacturer, Lenovo Group, recently announced that it will open its first manufacturing plant in the U.S. The company expects to create 115 jobs in North Carolina, where it also operates customer service facilities and data centers. And in late … Continue reading
Asia – Youth unemployment is a time bomb
Rising youth unemployment could endanger Asia’s social stability. Asia must come to grips soon with the growing number of unemployed young people or it risks increasing social problems or even violence, as witnessed in cities in Europe and throughout the Arab world, say labour specialists. “Seventy-five million youth, under the age of 24, across the … Continue reading
Vocational Education: The Link
‘Many countries face significant skills gaps across a range of industries, particularly in technical and specialized fields’ says Boston Consulting Group . These gaps persist despite distressingly high unemployment rates even in developed economies. Jobs remain unfilled even as potential workers, lacking the skills and training that industries require, sit idle. Technical and vocational education … Continue reading
US – The economic Elysium predicted by backers of free trade prior to its passage never developed
America’s current economic unwinding didn’t begin on Wall Street in 2008, as is often reiterated. Its genesis lies in the affluence-to-poverty trade regiments enacted by President Clinton, beginning in 1993. Seduced by assurances that free trade would create millions of new high-paying jobs in the United States, Democrats, aided by Republican politicos like Newt Gingrich, … Continue reading
Germany – Growing more open to immigrants?
Studies show that increasing numbers of highly skilled immigrants are coming to Germany. They face a number of hurdles, but there are positive signs in the country’s changing attitudes toward them. “So, how’d you learn to speak German so well?” – It’s a question journalist and TV moderator Elif Senel hears all the time, despite … Continue reading
Canada – Philippines is number 1 source of Asian immigrants
Filipinos now ranked as the top Asian immigrants in Canada, a parliament official said. Kevin Lamoureux, Member of Parliament for Winnipeg North, who visited Pampanga over the weekend to foster cooperation between local officials here and discuss immigration policies, said the Filipino community in Canada has proven to be a vital force in local industries … Continue reading
Those who feel powerful save their smiles for those below them in the pecking order
Those who feel powerful at work tend not to smile back at important people and instead save their smiles for those below them in the pecking order, researchers say. “Our interpretation of this is that when you are feeling powerful and see a low-status person, you are almost throwing them a bone, thinking “Oh, I … Continue reading
England – Carbon capture and storage projects could 4,000 jobs
Investing in carbon capture and storage (CCS) in Yorkshire and Humber will provide a major boost to the UK economy, generating £1.3bn and 4,000 skilled-jobs, a new report to be launched tomorrow has revealed. The report comes just weeks before the government is due to announce the winners of billion pounds worth of funding and … Continue reading
China – 2M compete for civil service jobs
Nearly two million candidates will compete for over 20,000 civil service jobs this year in China, said a state-run daily which lauded the move for applicants to have at least two years’ experience working at the grassroots level. Applications for the annual National Civil Service Exam (NCSE) opened Monday. An editorial in the Global Times … Continue reading
The world is stuck in a vicious cycle writes Lawrence Summers
If the global economy was in trouble before the annual World Bank and IMF meetings in Tokyo last week, it is hard to believe that it is now smooth sailing. Indeed, apart from the modest stimulus provided to the Japanese economy by all the official visitors and the wealthy financial sector hangers on, it is … Continue reading
India – Alcatel-Lucent may cut 1,000 jobs
Struggling French telecoms gear maker Alcatel-Lucent will lay off nearly 1000 employees, or 9% of its India workforce as part of a global restructuring drive to cut costs as deals dry up and demand for network equipment plunges, two senior executives aware of the matter told ET. Bulk of the cull is likely to impact … Continue reading
Veterans – A Coalition To Train for Manufacturing Jobs
To fill advanced manufacturing jobs, a new coalition of employers will train veterans, and help them to translate their wartime skills to civilian use, writes GE Chairman and CEO Jeffrey Immelt. In 1999, as soon as he completed high school and following in the footsteps of his father and grandfather, Lionel Hamilton enlisted to serve … Continue reading
India – Employability of MBA graduates at dismal low
Employability of MBA graduates across specialisations is at a dismal low, says the National Employability Report MBA Graduates, Annual Report 2012 by Aspiring Minds. While employability is below 10% for functional role in the field of HR, marketing or finance, in business consulting roles, it is as low as 2.5%. The study also revealed that … Continue reading
Australia – In what ways can Lifelong Learning continually enhance employment prospects?
Lifelong Learning (LLL) and Employment Prospects: An Australian case by Allie Clemans, Anne Newton, Robbie Guevara and Sally Thompson try to answer the headline question, “In what ways can LLL continually enhance employment prospects?” The Australian case study has been guided by two objectives: 1. Identify the relationship between LLL and employment prospects in policy and practice; and, 2. Document existing … Continue reading
Labor Market Institutions – High unemployment rates have weakened the prime facie case for deregulation and less intervention
Labor Market Institutions: A Review of the Literature by Gordon Betcherman on worldbank.org looks at the findings of over 150 studies on the impacts of four types of labor market institutions: minimum wages, employment protection regulation, unions and collective bargaining, and mandated benefits. The review places particular emphasis on results from developing countries. Impacts studied are … Continue reading
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